Market Analysis of February 3rd

The marketcap has been Moving up (6.02%) since yesterday. The total capitalization is 1 099 449 773 389 USD.

Bitcoin totals 689 399 458 281 USD of capitalization for a dominance of 61.9%. Ethereum’s marketcap is 184 162 160 089 USD, followed by Tether with 27 067 277 857 USD.

Market Sentiment

Latest Crypto Fear & Greed Index

Bitcoin Analysis

The BTC closed higher, trading around $36800.

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

What to do about it?

The BTC does not manage to pass the $38000 mark, there is also a drop in volume. The best thing to do is to wait for a better entry point.

  • The supports of the day are at 35000$ — 32000$
  • The resistances of the day are at 38000$ — 40000$

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Ethereum Analysis

ETH just broke $1600 into a new ATH and is now trading at around $1585.

he daily technical situation is rather positive and remains rather 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 1425$ — 1500$
  • The resistance of the day is at 1615$

Conclusion

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


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