Market Analysis of February 10th

The marketcap has been Moving up (1.62%) since yesterday. The total capitalization is 1 410 192 592 097 USD.

Bitcoin totals 865 353 770 568 USD of capitalization for a dominance of 61.4%. Ethereum’s marketcap is 206 149 600 822 USD, followed by Tether with 30 331 830 093 USD.

Market Sentiment

Latest Crypto Fear & Greed Index

Bitcoin Analysis

The BTC closed higher, trading around $46500.

The daily technical situation is rather positive and is rather neutral in 4 hours.

What to do about it?

 The best thing to do is to wait for a better entry point. On retracement, most likely around $44000

  • The supports of the day are at 40000$ — 44000$
  • The resistance of the day is at 48000$

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Ethereum Analysis

This is the same story for ETH, trading around $1800 at the time of writting these lines.

The daily technical situation is rather positive and remains positive in 4 hours.

What to do about it?

 

The best thing to do is to wait for a better entry point.

  • The supports of the day are at 1700$ — 1760$
  • The resistance of the day is at 1840$

Conclusion

We have to wait for a better entry point for ETH and BTC.


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