The marketcap has been moving up (+0.86%) since yesterday. The total capitalization is 258 737 791 870 USD.
Bitcoin totals 170 634 814 999 USD of capitalization for a dominance of 65.9%. Ethereum’s marketcap is 19 993 062 572 USD, followed by Ripple with 10 491 449 113 USD.
Market Sentiment
HOW TO READ THE MARKET SENTIMENT ?
Bitcoin Analysis
The BTC closed higher and is trading around $9371 after testing the $9500 level. Supports and resistances remain unchanged.
The daily technical situation is still positive but becomes negative over a 4 hour time horizon.
What to do about it?
The BTC is still consolidating, we have to wait for a return to the 9500$ or 9200$ level.
- The supports of the day are at 9200$ — 9050$
- The resistances of the day are at 9500$ — 10000$
Ethereum Analysis
ETH closed higher as well and is trading around $182.65 after testing the $187 area.
The daily technical situation is positive but becomes negative over a short time horizon.
What can we do about it?
You should wait for a support or resistance test before positioning yourself to buy or sell.
- The supports of the day are at 173$ — 169$
- The resistances of the day are at 187$ — 194$
Conclusion
The daily technical situation is positive for ETH and BTC.
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