The marketcap has been moving down (-0.44%) since yesterday. The total capitalization is 196 563 250 826 USD.
Bitcoin totals 133 850 399 642 USD of capitalization for a dominance of 68.2%. Ethereum’s marketcap is 14 673 127 056 USD, followed by Ripple with 8 507 718 621 USD.
Bitcoin closed higher and is trading around $7311. It will be interesting to see what role the Weekly Open will take. Last week’s resistances and supports are still valid.
The daily technical situation is rather positive despite a bearish CCI.
Over a 4 hour time horizon, the technical situation becomes rather negative. The Weekly Open takes the role of resistance.
What to do about it?
Wait and see what role the Weekly Open will take.
- The supports of the day are at 7100$ — 6500$
- The resistances of the day are at 7800$ — 8000$
ETH closed higher and is trading around $133.35. Just like the BTC, last week’s supports and resistances are still valid.
The daily technical situation is rather positive.
Over a 4 hour time horizon, the technical situation remains rather positive, but with signs of a turnaround decreasing.
What can be done?
Wait for a test of a resistance or a support before positioning yourself.
- The supports of the day are at 121$ — 100$
- The resistances of the day are at 135$ — 166$
To get the week off to a good start, check the validity of substrates and resistances and monitor potentially important new levels.
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