The marketcap has been moving down (-1.47%) since yesterday. The total capitalization is 263 658 628 174 USD.
Bitcoin totals 171 542 734 561 USD of capitalization for a dominance of 65.1%. Ethereum’s marketcap is 25 308 911 462 USD, followed by Tether with 9 194 323 236 USD.
Market Sentiment
HOW TO READ THE MARKET SENTIMENT ?
Bitcoin Analysis
Bitcoin closed lower and is now trading around $9297 below its Monthly and Weekly Open after rebounding to $9200.
The daily technical situation is negative and remains negative in 4 hours.
What to do about it?
If the BTC moves back towards $9800, this is still a good entry point for a short. If it closes below $9200, a test of $8600 might be possible.
- The supports of the day are at 9000$ — 8600$
- The resistances of the day are at 9400$ — 10000$
Ethereum Analysis
ETH closed lower as well, trading around the former $230 support.
The daily technical situation is negative and remains negative in 4 hours.
What can we do about it?
It will be interesting to see ETH’s reaction at the $230 level. If we close below $230, we can hope to see the $218 back.
- The supports of the day are at 230$ — 217$
- The resistances of the day are at 253$ — 270$
Conclusion
The daily technical situation is still negative for ETH and BTC and the volume is decreasing.
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