The marketcap has been Moving up (6.06%) since yesterday. The total capitalization is 1 510 334 743 278 USD.
Bitcoin totals 913 091 182 176 USD of capitalization for a dominance of 61%. Ethereum’s marketcap is 189 329 615 368 USD, followed by BNB with 39 187 109 903 USD.
Market Sentiment
Bitcoin Analysis
The BTC closed lower, trading around $49500.
The daily technical situation is negative and remains rather negative 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 $40000
- The supports of the day are at 40000$ — 45000$
- The resistance of the day is at 50000$
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Ethereum Analysis
This is the same story for ETH, trading around $1660 at the time of writting these lines.
The daily technical situation is rather negative and is positive in 4 hours.
What to do about it?
The best thing to do is to wait for a better entry point.
- The supports of the day are at 1650$
- The resistance of the day is at 1700$
Conclusion
We have to wait for a better entry point for ETH and BTC.
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