The marketcap has been moving down (-0.82%) since yesterday. The total capitalization is 258 737 791870 USD.
Bitcoin totals 170 343 167 582 USD of capitalization for a dominance of 65.3%. Ethereum’s marketcap is 20 773 492 727 USD, followed by Ripple with 11 024 430 975 USD.
Market Sentiment
HOW TO READ THE MARKET SENTIMENT ?
Bitcoin Analysis
Bitcoin closed lower and is trading around $9300. The supports and resistances are still in place.
The daily technical situation is rather negative and remains negative over a short time horizon.
What to do about it?
We are in the middle of the range, we have to wait for a test of the support or resistance before positioning ourselves.
- The supports of the day are at 9200$ — 9050$
- The resistances of the day are at 9500$ — 10000$
Ethereum Analysis
ETH closed higher than the BTC and is trading around $188.
The daily technical situation is rather positive but signs of a bearish curve are starting to appear. Over a 4-hour time horizon, the technical situation is quite negative.
What to do?
Wait for a return on support or resistance before positioning yourself.
- The supports of the day are at 187$ — 179$
- The resistances of the day are at 193$ — 196$
Conclusion
It is necessary to wait for a return on support and resistance
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