The marketcap has been moving up (+3.33%) since yesterday. The total capitalization is 295 735 115 274 USD.
Bitcoin totals 184 527 927 951 USD of capitalization for a dominance of 62.40%. Ethereum’s marketcap is 30 759 480 716 USD, followed by Ripple with 12 901 728 394 USD.
Market Sentiment
HOW TO READ THE MARKET SENTIMENT ?
Bitcoin Analysis
Bitcoin closed higher, passing above its Weekly Open, trading around $10,140.
The daily technical situation is negative but is still positive over a 4 hour time horizon.
What to do about it?
Indecision is still present in the market, but the BTC seems to be holding above 10,000. A test of the Weekly Open could interest us as to the direction to take to position ourselves.
- The supports of the day are at 10000$ — 9650$
- The resistances of the day are at 10500$ — 11000$
Ethereum Analysis
ETH also closed higher despite a daily technical situation and is trading around $280.
The daily technical situation is rather negative with a visible bearish divergence on the ITC. On a short time horizon the situation is positive but the WaveTrends is close to a bearish cross.
What to do?
ETH is still very volatile and the market is still uncertain. A test of supports and resistances is therefore necessary before positioning.
- The supports of the day are at 260$ — 240$
- The resistances of the day are at 288$ — 321$
Conclusion
The daily technical situation is negative for ETH and BTC and the market is uncertain.
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