Market Analysis of February 22nd

The marketcap has been Moving down (-5.02%) since yesterday. The total capitalization is 1 635 355 713 393 USD.

Bitcoin totals 1 010 572 280 906 USD of capitalization for a dominance of 61.7%. Ethereum’s marketcap is 207 015 631 724 USD, followed by BNB with 39 826 533 616 USD.

Market Sentiment

Latest Crypto Fear & Greed Index

Bitcoin Analysis

The BTC closed higher, trading around $57500.

The daily technical situation is rather positive but is now negative on 4h.

What to do about it?

 The best thing to do is to wait for a better entry point. On retracement, most likely around $50000

  • The supports of the day are at 50000$ — 52500$
  • The resistance of the day is at 58000$

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Ethereum Analysis

This is the same story for ETH, trading around $1790 at the time of writting these lines.

The daily technical situation is rather negative and remains negative 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 1650$ — 1700$
  • The resistances of the day are at 1800$ – 2000$

Conclusion

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


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