The marketcap has been moving up (+1.87%) since yesterday. The total capitalization is 272 766 638 288 USD.
Bitcoin totals 176 557 540 009 USD of capitalization for a dominance of 64.7%. Ethereum’s marketcap is 26 934 471 798 USD, followed by Tether with 9 187 784 980 USD.
Bitcoin Analysis
The BTC closed higher to 9780 but did not reach 9800 and is trading around 96010$. Its dominance remains below 65%.
The daily technical situation is uncertain, indeed the MACD is still bearish but the WaveTrends has just crossed higher. In 4 hours, the situation remains positive.
What to do about it?
Well the short around 9800 remains valid, we must wait for a retest of this zone and hope to touch it this time, be careful with your Stop Loss and manage your risk well.
- The supports of the day are at 9295$ — 9450$
- The resistances of the day are at 9800$ — 10000$
Ethereum Analysis
ETH closed higher and is trading around $243, it hasn’t yet hit $250 as announced yesterday but it is still likely to do so.
The daily technical situation is rather positive and remains positive in 4 hours.
What to do?
As long as ETH remains above 238, we can expect to test the $250.
- The supports of the day are at 228$ — 217$
- The resistances of the day are at 253$ — 270$
Conclusion
The daily technical situation is uncertain for ETH and BTC.
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