The marketcap has been moving down (-4.49%) since yesterday. The total capitalization is 317.696.471.321 USD.
Bitcoin totals 207.381.524.415 USD of capitalization for a dominance of 68.30%.
Ethereum’s marketcap is 24.263.961.406 USD, followed by Ripple with 13.422.834.427 USD.
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Bitcoin closed the previous session at $11,470 after a session in the red. The daily technical situation remains positive but we are beginning to see signs of weakness in the indicators. Indeed, the CCI is starting to move towards the 100 level while the WaveTrends is starting to bend downward.
Over a 4-hour horizon, the indicators are all pointing downwards after crossing from their overbought zone.
What to do about it?
Wait for a break in the resistance zone between $11,650 and $11,800 or a return to the weekly opening level before reassessing the situation.
- The supports of the day are at 11475$ – 10986$
- The resistances of the day are at 11800$ – 12500$
As with the BTC, ETH’s daily technical situation is still rather positive despite signs of downward curvature.
Over a shorter period, in 4 hours, the technical indicators decline, which makes it likely that a new test of the weekly opening level will be carried out. Be careful, however, the bullish reaction that occurred during the first test may not happen again because the limit orders present at this price level may have been purchased.
What to do about it?
As with the BTC, we will wait until a resistance level is broken or a support approaches to determine which decision to make.
- The supports of the day are at 220$ – 205$
- The resistances of the day are at 235$ – 240$
BTC and ETH are located in an important area between a support and a resistance.
We advise you to wait for a return to the support or a break in the resistance for BTC and ETH before positioning yourself.
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