The marketcap has been moving up (+1.27%) since yesterday. The total capitalization is 221 807 093 903 USD.
Bitcoin totals 141 593 581 286 USD of capitalization for a dominance of 63.80%. Ethereum’s marketcap is 21 739 022 260 USD, followed by Ripple with 8 694 840 736 USD.
Bitcoin Analysis
The BTC closed higher and is trading around $7,715.
The daily technical situation is positive, uncertain in 4 hours with a WaveTrends still rising but a MACD that just crossed lower. It becomes negative in 1 hour.
What to do about it?
After testing the 7800 and being pushed back, the BTC stagnates at $7715. The 7800$ thus hold their role of resistance and in case of retest, a small short can be considered.
- The supports of the day are at 7500$ — 7300$
- The resistances of the day are at 7800$ — 8200$
Ethereum Analysis
ETH closed higher and is trading around $196.
The daily technical situation is positive but becomes negative in 4 hours and remains negative in 1 hour.
What to do?
If ETH goes down to $193, a long can be launched, assuming the old resistance has indeed become a support.
- The supports of the day are at 193$ — 185$
- The resistances of the day are at 200$ — 209$
Conclusion
The daily technical situation is positive for ETH and BTC with a strong buy signal for the long run.
You can join us on Telegram for a follow-up of the market throughout the day.
For any question, our team will be happy to answer you on our support which is open 7/7 days.
For any information about our subscriptions, please visit our website or contact @butler_4c_bot directly to get all the information you need.