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Marketcap
The marketcap has been moving down (-1.58%) since yesterday. The total capitalization is 259.641.513.890 USD.
Bitcoin totals 177.574.360.004 USD of capitalization for a dominance of 68.40%.
Ethereum’s marketcap is 19.574.197.788 USD, followed by Ripple with 11.134.694.460 USD.
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HOW TO READ THE MARKET SENTIMENT ?
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Bitcoin
Bitcoin is currently evolving around its monthly opening level with a daily technical situation that remains negative.
Over a 4-hour time horizon, the indicators crossed upward but show signs of downward curves, so a continuation of the decline is not impossible.
What to do about it?
If you are in position, place your stop-loss above your purchase price. If you are not yet in position, we advise you to wait for a return on support at $9500 or a confirmed break in the monthly opening level.
- The supports of the day are at 9750$ – 9500$
- The resistances of the day are at 10500$ – 10700$
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Ethereum
Like BTC, Ethereum is falling, with a negative daily technical situation. The indicators are evolving in their oversold zone and could therefore turn around in future sessions.
Over a 4-hour horizon, the indicators crossed upward but, as for the BTC, they show signs of downward curves.
What to do about it?
We recommend waiting for a return on support or a resistance break if you are not yet in position.
- The supports of the day are at 170$ – 150$
- The resistances of the day are at 205$ – 235$
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Conclusion
We advise you to wait for the return on support or a resistance break for BTC and ETH before positioning yourself.
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.
See you tomorrow for a new market analysis!
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