The marketcap has been moving up (4.61%) since yesterday. The total capitalization is 272 949 341 474 USD.
Bitcoin totals 175 205 139 615 USD of capitalization for a dominance of 64.2%. Ethereum’s marketcap is 22 836 732 016 USD, followed by Ripple with 12 257 133 962 USD.
Market Sentiment
HOW TO READ THE MARKET SENTIMENT ?
Bitcoin Analysis
Bitcoin closed higher (+4.91%) by breaking the Weekly Open. It continues to lose its dominance which is now at 64.2%. It evolves around $9636.
The daily technical situation is positive with WaveTrends and MACD just crossed higher. It remains positive over a 4 hour time horizon but not over a 1 hour time horizon.
What to do about it?
The BTC is likely to move in a range, you have to wait for a major resistance break or a return to support to open a buy position.
- The supports of the day are at 9500$ — 9050$
- The resistances of the day are at 9800$ — 10400$
Ethereum Analysis
ETH closed higher as well and is trading around $209 on an uptrend.
The daily technical situation is positive and remains positive over a 4-hour time horizon.
What can we do about it?
ETH has already risen well and we must wait for a return to support or resistance if we want to remain cautious before positioning ourselves.
- The supports of the day are at 200$ — 184$
- The resistances of the day are at 212$ — 224$
Conclusion
The daily technical situation is positive for ETH and BTC.
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