The marketcap has been moving down (-1.69%) since yesterday. The total capitalization is 193 223 207 611 USD.
Bitcoin totals 131 767 761 381 USD of capitalization for a dominance of 68.2%. Ethereum’s marketcap is 14 472 877 924 USD, followed by Ripple with 8 396 175 128 USD.
Bitcoin is still evolving in its zone between 7221 and 7273 in a rather negative daily technical context.
The technical indicators on a horizon of 1h and 4h evolve in their oversold zone, so we could see a rebound as long as the above-mentioned zone is not broken.
What to do about it?
Wait for breakage on either side of this zone 7225 – 7275
- The supports of the day are at 7221$ — 7100$
- The resistances of the day are at 7275$ — 7400$
The Ethereum evolves below its weekly opening level as well as below its resistance at 132.30.
The daily technical situation remains positive for the moment as well as on a shorter horizon in 1h and 4h.
What can be done?
We will wait for a return on support or a break in resistance before positioning ourselves for purchase.
- The supports of the day are at 129.55$ — 123.4$
- The resistances of the day are at 132.3$ — 133.45$
Patience for BTC before knowing if the zone will become support or resistance, for ETH we will wait for a return on support or a break of resistance.
All the 4C-Trading team wishes you a happy new year 2020!
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