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Marketcap
The marketcap has been moving up (-0.19%) since yesterday. The total capitalization is 264 002 985 965 USD.
Bitcoin totals 181 966 294 299 USD of capitalization for a dominance of 68.90%.
Ethereum’s marketcap is 20 048 392 201 USD, followed by Ripple with 11 432 358 080 USD.
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HOW TO READ THE MARKET SENTIMENT ?
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Bitcoin
The technical situation of Bitcoin remains negative on a daily basis with no sign of a bullish reversal for the moment. However, the BTC is able to maintain itself above its monthly opening level at the time of writing.
On a shorter horizon, in 4 hours, the technical situation remains negative but with visible signs of a bullish reversal on the CCI and WaveTrends.
What to do about it?
We recommend waiting for the bevelled compression figure to exit before positioning yourself.
- The supports of the day are at 10096$ – 9800$
- The resistances of the day are at 10400$ – 10800$
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Ethereum
The technical situation of the Ethereum on a daily horizon is similar to that of the BTC, negative without signs of reversal for the moment.
Over a 4-hour horizon, the technical indicators show signs of a potential reversal.
What to do about it?
Like the BTC, the Ethereum is currently in a bevelled configuration, so we recommend waiting for this figure to exit before opening any position.
- The supports of the day are at 185$ – 180$
- The resistances of the day are at 194.75$ – 200$
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Conclusion
We advise you to wait for a bevel break for BTC and ETH before positioning yourself.
Note: breaks must be accompanied by a high volume, otherwise it could indicate false breaks whose sole purpose is to trap traders!
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.
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See you tomorrow for a new market analysis!
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