The marketcap has been moving up (2.38%) since yesterday. The total capitalization is 194 953 234 564 USD.
Bitcoin totals 133 394 928 064 USD of capitalization for a dominance of 68.4%. Ethereum’s marketcap is 14 460 577 983 USD, followed by Ripple with 8 380 613 934 USD.
Bitcoin Analysis
The BTC closed higher and is currently trading around $7,295.
The daily technical situation is rather positive.
Over a 4 hour time horizon, the technical situation is even more positive with a buy signal from WaveTrends.
What to do about it?
We have to wait and see if the BTC closes above $7400 before going long.
- The supports of the day are at 7000$ — 6500$
- The resistances of the day are at 7400$ — 7800$
Ethereum Analysis
ETH also closed higher, trading around $132.
The daily technical situation is positive.
Over a 4 hour time horizon, the situation remains positive and we also have a buy signal from WaveTrends.
What can we do?
If we close above $134 we can expect to see $140 again.
- The supports of the day are at 128$ — 123$
- The resistances of the day are at 134$ — 140$
Conclusion
We still have to wait for the fence before positioning ourselves.
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