The marketcap has been moving down (-0.68%) since yesterday. The total capitalization is 256 983 497 515 USD.
Bitcoin totals 167 818 505 075 USD of capitalization for a dominance of 65.3%. Ethereum’s marketcap is 20 497 063 874 USD, followed by Ripple with 10 893 980 883 USD.
Market Sentiment
HOW TO READ THE MARKET SENTIMENT ?
Bitcoin Analysis
Bitcoin closed lower and continues to decline, trading around $9,165. We’ll see today if the $9200 support is holding up and if there is a rebound. We might even test the $9050 support.
The daily technical situation is negative, the MACD has just crossed down. The technical situation remains negative over a short time horizon.
What to do about it?
In case of a rebound, we could hope for a test of the 9500$ resistance, in case the support breaks, we could review the 8700$.
- The supports of the day are at 9050$ — 8700$
- The resistances of the day are at 9500$ — 10000$
Ethereum Analysis
ETH closed higher for the second time against the BTC but is beginning to fall and is trading around $185.
The daily technical situation is rather positive with signs of bearish curves. Over a 4-hour time horizon, the situation is already negative.
What to do?
Without rebound, we can see the $179, with rebound we can hope for a resistance test.
- The supports of the day are at 184$ — 179$
- The resistances of the day are at 193$ — 196$
Conclusion
Will BTC and ETH fall or bounce back?
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