The marketcap has been moving up (+2.01%) since yesterday. The total capitalization is 190 883 573 095 USD.
Bitcoin totals 130 087 116 312 USD of capitalization for a dominance of 68.2%. Ethereum’s marketcap is 13 978 957 257 USD, followed by Ripple with 8 141 273 760 USD.
Market Sentiment
HOW TO READ THE MARKET SENTIMENT ?
Bitcoin Analysis
Bitcoin closed lower and is now trading around $7138. The $7,000 level seems to serve as a support but we are in a consolidation phase. The BTC seems to be regaining its dominance.
The daily technical situation is positive.
On a 4 hour time horizon, the situation remains positive but we can see signs of a bearish curve.
What to do about it?
The BTC is entering a consolidation phase and stands just above $7000. It would be wise to wait for a test of 6800$ before positioning itself.
- The supports of the day are at 7000$ — 6500$
- The resistances of the day are at 7500$ — 8000$
Ethereum Analysis
ETH closed lower at around $127 and is in a consolidation phase.
The daily technical situation is rather negative despite an ICE that is expected to be bullish.
Over a 4 hour time horizon, the technical situation is positive. We therefore have a temporal divergence.
What can we do about it?
The direction that ETH will take is difficult to predict. Waiting for a test of support or resistance would be wise before taking a position.
- The supports of the day are at 121$ — 114$
- The resistances of the day are at 133$ — 141$
Conclusion
A retest is necessary before positioning yourself.
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