The marketcap has been moving down (-0.7%) since yesterday. The total capitalization is 190 245 771 145 USD.
Bitcoin totals 129 690 934 817 USD of capitalization for a dominance of 68.2%. Ethereum’s marketcap is 14 194 081 133 USD, followed by Ripple with 8 321 407 113 USD.
Bitcoin Analysis
Bitcoin has evolved negatively. It is at the same level as on 27 December, when it managed to recover. However, the volume is not following for the moment so we could see a continuation of the decline in the coming days.
The technical indicators over a 4-hour horizon are evolving in their oversold zone but could decrease further before seeing a bullish turnaround.
What to do about it?
A breach of the $7,800 would be the real bullish sign, or a rebound from the $6,500.
- The supports of the day are at 7000$ — 6500$
- The resistances of the day are at 7275$ — 7400$
Ethereum Analysis
The Ethereum has returned to the $128 level and is currently trading at $129.35. If the oblique support is respected, we could therefore see its price decrease further towards $127.
Over a 4-hour horizon, the indicators evolve negatively and could decrease further.
What can we do?
See the reaction on the current configuration (see graph)
- The supports of the day are at 128$ — 123$
- The resistances of the day are at 134$ — 140$
Conclusion
Patience for BTC before knowing if the zone will become support or resistance, for ETH we will wait for a return on support or a break of resistance.
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