The marketcap has been moving down (-4.34%) since yesterday. The total capitalization is 256 637 902 226 USD.
Bitcoin totals 167 116 057 180 USD of capitalization for a dominance of 65.10%. Ethereum’s marketcap is 24 953 048 284 USD, followed by Tether with 9 192 960 986 USD.
Market Sentiment
HOW TO READ THE MARKET SENTIMENT ?
Bitcoin Analysis
Bitcoin closed lower and continues to drop today to trade around $9100 below its Monthly Open and Weekly Open.
The daily technical situation is negative and remains negative in 4 hours.
What to do about it?
We are just below the $9000 resistance, if it doesn’t hold we can hope for a test of the $8600 which would be a good opportunity for a long one. If the resistance holds we can hope to test the Monthly Open.
- The supports of the day are at 9000$ — 8600$
- The resistances of the day are at 9400$ — 10000$
Ethereum Analysis
ETH closed lower as well, trading around $223 after rebounding to $218.
The daily technical situation is negative and remains negative in 4 hours.
So what can we do?
If we don’t break the 217 it is quite possible to see the $230 which would be a good entry for a short!
- The supports of the day are at 217$ — 196$
- The resistances of the day are at 230$ — 250$
Conclusion
The daily technical situation is negative for ETH and BTC.
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