The marketcap has been moving up (+6.09%) since yesterday. The total capitalization is $241 917 678 130 USD.
Bitcoin totals 159 140 268 723 USD of capitalization for a dominance of 65.8%. Ethereum’s marketcap is 18 013 281 222 USD, followed by Ripple with 10 260 999 251 USD.
Bitcoin Analysis
Bitcoin closed higher (almost 10%) and is currently trading around $8726.
The daily technical situation is positive but on a 4 hour time horizon, the situation is rather negative with a WaveTrends that crossed lower.
What to do about it?
If we go below $8600 we can expect to see the 8200 but a rebound is also possible and would allow us to come back and test the $8800.
- The supports of the day are at 8600$ — 8200$
- The resistances of the day are at 8800$ — 9400$
Ethereum Analysis
ETH closed higher and is currently trading around $166.
The daily technical situation is positive but we can see the WaveTrends crossing lower on a 4 hour horizon.
What can we do about it?
Set your entry points and prepare your scenarios.
- The supports of the day are at 159$ — 152$
- The resistances of the day are at 173$ — 180$
Conclusion
We can expect a small drop and a support test before we position ourselves
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