The marketcap has been moving up (+0.69%) since yesterday. The total capitalization is 279 104 184 988 USD.
Bitcoin totals 180 664 405 149 USD of capitalization for a dominance of 64.70%. Ethereum’s marketcap is 27 494 637 809 USD, followed by Tether with 9 206 292 534 USD.
Bitcoin Analysis
Bitcoin closed higher and is trading around 9813, still in range.
The daily technical situation is still rather negative despite a WaveTrends that does not want to cross down. In 4 hours, the situation is uncertain and it is the MACD which does not want to cross downwards while the WaveTrends is bearish.
What to do about it?
There was a possibility to short after testing the $10,000 but if you didn’t, it’s too late. We’re back in the middle of the range, where you shouldn’t trade.
- The supports of the day are at 9300$ — 8600$
- The resistances of the day are at 10000$ — 10500$
Ethereum Analysis
ETH closed higher and is trading around $245.
The technical situation is rather negative with WaveTrends down and MACD about to cross lower. But the situation is positive in 4 hours.
What can we do?
Well ETH is still in the middle of the range so we still have to stay away from it.
- The supports of the day are at 230$ — 217$
- The resistances of the day are at 253$ — 270$
Conclusion
The daily technical situation is rather negative for ETH and BTC.
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