The marketcap has been moving up (+1.07) since yesterday. The total capitalization is 247 739 578 127 USD.
Bitcoin totals 158 243 858 534 USD of capitalization for a dominance of 63.9%. Ethereum’s marketcap is 24 438 548 497 USD, followed by Ripple with 10 218 953 817 USD.
Bitcoin Analysis
Bitcoin closed higher with a doji showing market indecision and is trading around $8688. The $8500 seems to be holding up well for now.
The daily technical situation is negative but becomes positive over a 4 hour time horizon and remains positive in 1 hour as well.
What to do about it?
The BTC is moving in a range for the moment and we need to see if the $8500 level still holds. If so, we can hope for a rebound and maybe a test of resistance.
- The supports of the day are at 8500$ — 8100$
- The resistances of the day are at 9100$ — 9500$
Ethereum Analysis
ETH also closed higher with a doji indicating market indecision and is trading around $224.
The daily technical situation is negative but becomes positive under a reduced time horizon.
What to do?
We must wait for a support or resistance test before taking a position.
- The supports of the day are at 217$ — 209$
- The resistances of the day are at 235$ — 250$
Conclusion
The daily technical situation is negative for ETH and BTC but becomes positive in shorter time horizon.
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