The marketcap has been moving up (3.91) since yesterday. The total capitalization is 187 127 597 121 USD.
Bitcoin totals 127 941 898 700 USD of capitalization for a dominance of 68.3%. Ethereum’s marketcap is 13 775 805 715 USD, followed by Ripple with 8 081 495 485 USD.
Market Sentiment
HOW TO READ THE MARKET SENTIMENT ?
Bitcoin Analysis
Bitcoin closed with a bullish movement (+10%) and is currently trading around $7170. He tested the $7,500 resistance before going down to $7,100.
The daily technical situation is rather positive with a WaveTrends that has just crossed upwards.
Over a time horizon of 4 hours, the technical situation is positive.
What to do about it?
The BTC could test the $7,500 again or test the $6,500. It would be better to wait for a retest before positioning yourself.
- The supports of the day are at 7000$ — 6500$
- The resistances of the day are at 7500$ — 8000$
Ethereum Analysis
ETH closed up and is now trading at around $127.
The daily technical situation is negative.
Over a time horizon of 4 hours, the technical situation becomes positive.
What to do about it?
As for the btc, a retest would be interesting.
- The supports of the day are at 121$ — 114$
- The resistances of the day are at 133$ — 141$
Conclusion
It is necessary to be attentive to the important level and hope for a retest of a support or resistance.
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