The marketcap has been moving down (-1.99%) since yesterday. The total capitalization is 264 529 171 213 USD.
Bitcoin totals 182 205 185 303 USD of capitalization for a dominance of 68.90%.
Ethereum’s marketcap is 20 071 475 666 USD, followed by Ripple with 11 519 828 033 USD.
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The technical situation of the Bitcoin seemed positive during the previous session while the price of the latter evolved around 10350$.
The BTC has started the current session at $10,250 and is now moving towards the monthly opening level.
Bitcoin has been around this level for almost a week and a break in it is not impossible given the technical situation.
Over a 4-hour horizon, the technical indicators gave a sales signal, thus pleading for a continuation of the ongoing decline.
What to do about it?
Bitcoin evolves above a high level of support, which has been broken intraday on several occasions. The BTC is therefore in a difficult situation and we recommend waiting for a $10,400 break before opening a long position.
- The supports of the day are at 10096$ – 9800$
- The resistances of the day are at 10400$ – 10800$
The same is true for the Ethereum, the daily technical situation returns to the rather negative territory. ETH is just above its weekly opening level and the latter could break given the current market structure.
On a shorter horizon, in 4 hours, the indicaters are negative but we can nevertheless see signs of bullish curves on the CCI and WaveTrends.
What to do about it?
Patience, ETH is like BTC, in a delicate situation for the moment and we will therefore prefer to wait for a resistance break before considering the opening of a long position.
- The supports of the day are at 186.35$ – 180$
- The resistances of the day are at 194.75$ – 200$
We advise you to wait for a resistance break for BTC and ETH before positioning yourself.
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