The marketcap has been moving up (+0.41%) since yesterday. The total capitalization is 272 781 118 688 USD.
Bitcoin totals 168 954 454 690 USD of capitalization for a dominance of 61.9%. Ethereum’s marketcap is 26 652 418 275 USD, followed by Tether with 9 163 438 286 USD.
Market Sentiment
HOW TO READ THE MARKET SENTIMENT ?
Bitcoin Analysis
The BTC closed higher and is now trading around $9188. What happened this week? Well like last week, not much! The BTC is contracting and still doesn’t offer us a good opportunity to send a trade.
The daily technical situation is positive, MACD and WaveTrends have just crossed higher. And the situation remains positive in 4 hours.
What to do about it?
Still not much, the BTC is in the middle of the range and we would first need a support or resistance test to have a better entry point.
- The supports of the day are at 9000$ — 8600$
- The resistances of the day are at 9450$ — 9800$
Ethereum Analysis
ETH closed higher and is trading around $239 after rebounding to $228, ETH can’t get above $240.
The daily technical situation is rather positive, WaveTrends has crossed higher but not yet the MACD. In 4 hours the situation is very positive.
What can we do about it?
As ETH has not been able to exceed $240, a return to the $230-$228 level is likely, which would give us a nice little short.
- The supports of the day are at 228$ — 217$
- The resistances of the day are at 253$ — 270$
Conclusion
The daily technical situation is positive for ETH and BTC, don’t touch BTC yet but you can short ETH.
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