The marketcap has been moving down (-1.04%) since yesterday. The total capitalization is 269 028 186 325 USD.
Bitcoin totals 168 324 349 305 USD of capitalization for a dominance of 62.6%. Ethereum’s marketcap is 26 099 453 523 USD, followed by Tether with 9 214 378 535 USD.
The BTC closed lower and is trading around $9090, below its Monthly Open. The dominance rose slightly but remains fairly low. Unfortunately, there is still little to say about its evolution.
The daily technical situation is negative and the MACD has just crossed lower. The situation remains quite negative in 4 hours.
What to do about it?
Well the BTC is still in the middle of the range, the worst place to launch a trade. However if we close the day below $9000, a short can be launched and we can hope for a test of the $8600.
- The supports of the day are at 9000$ — 8600$
- The resistances of the day are at 9450$ — 9800$
ETH closed lower as well, trading around $231 after being pushed out of the $228 zone, which serves as a support at the moment.
The daily technical situation is negative and remains negative in 4 hours.
What to do?
The situation seems bearish today and if the $228 support doesn’t hold we could very well go and test the lower end of the range but for now ETH is in the middle of the range, which offers no entry point to trade.
- The supports of the day are at 228$ — 217$
- The resistances of the day are at 253$ — 270$
The daily technical situation is still negative for ETH and BTC, it’s bearish on short term
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