The marketcap has been moving up (+1.66%) since yesterday. The total capitalization is 268 223 254 719 USD.
Bitcoin totals 171 320 399 588 USD of capitalization for a dominance of 63.8%. Ethereum’s marketcap is 26 357 757 816 USD, followed by Tether with 9 106 537 231 USD.
Bitcoin Analysis
The BTC closed higher (+2.97%) at around $9269. It went above its Monthly and Weekly Open. Its dominance continues to decrease.
The daily technical situation is positive, the MACD crossed higher as did the WaveTrends yesterday. In 4 hours the technical situation remains positive but the WaveTrends is about to cross lower.
What to do about it?
A small correction took place but the goal is still to reach $9500 to send a short.
- The supports of the day are at 9250$ — 9000$
- The resistances of the day are at 9400$ — 9800$
Ethereum Analysis
ETH closed higher as well, trading around $236 after rising to $244 as announced yesterday.
The daily technical situation is positive and remains rather positive in 4 hours despite a WaveTrends that crosses lower.
What to do?
We went back up to the upper end of the range and a small correction is taking place. If we stay in this part a test of $253 is possible.
- The supports of the day are at 228$ — 217$
- The resistances of the day are at 253$ — 270$
Conclusion
The daily technical situation is still positive for ETH and BTC but a small correction is taking place.
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