The marketcap has been moving up (+12.29%) since yesterday. The total capitalization is 256 768 641 203 USD.
Bitcoin totals 168 716 428 158 USD of capitalization for a dominance of 65.80%. Ethereum’s marketcap is 24 291 863 960 USD, followed by Ripple with 9 988 037 245 USD.
Market Sentiment
HOW TO READ THE MARKET SENTIMENT ?
Bitcoin Analysis
Bitcoin closed higher, trading around $8780.
The daily technical situation is positive and remains rather positive in 4 hours despite the WaveTrends crossing down.
What to do about it?
The BTC climbed up to 9500 before falling back to its current level. The 8500 level has become a support. Be patient and wait for a retest to place you.
- The supports of the day are at 8500$ — 8200$
- The resistances of the day are at 9000$ — 9500$
Ethereum Analysis
ETH closed higher and is now trading around $224 after hitting $227.6 and falling below its resistance of $217.
The daily technical situation is positive and remains rather positive in 4 hours despite a WaveTrends that just crossed lower.
What to do?
The $210 support seems to be holding and there are not enough bearish signs to throw a short. However there are not enough bullish signs to throw a long either.
- The supports of the day are at 210$ — 200$
- The resistances of the day are at 217$ — 227.6$
Conclusion
The daily technical situation is still positive for ETH and BTC.
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