The marketcap has been moving up (2.88%) since yesterday. The total capitalization is 238 683 031 097 USD.
Bitcoin totals 157 033 233 443 USD of capitalization for a dominance of 65.8%. Ethereum’s marketcap is 18 331 758 156 USD, followed by Ripple with 9 945 914 982 USD.
Market Sentiment
HOW TO READ THE MARKET SENTIMENT ?
Bitcoin Analysis
Bitcoin closed higher and after testing last week’s Weekly Open, it is trading around $8626.
The daily technical situation is negative despite signs of recovery in CCI and WaveTrends. However, the situation is positive over a time horizon of 4 hours. We also have a bearish divergence.
What to do about it?
Bitcoin could come and test the support of the 8300-8200$.
We have to wait for a return to support or resistance before positioning ourselves.
- The supports of the day are at 8250$ — 8000$
- The resistances of the day are at 8600$ — 9050$
Ethereum Analysis
ETH closed higher as well, trading around $165.75. Last week’s support and resistance remains valid.
The daily technical situation is negative but is positive over a 4 hour time horizon.
What to do?
Wait for a test of a support or a resistance.
- The supports of the day are at 163$ — 159$
- The resistances of the day are at 166$ — 169$
Conclusion
Wait for a return on support or resistance.
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