Market Analysis of March 10th

The marketcap has been Moving up (1.19%) since yesterday. The total capitalization is 1 503 997 295 540 USD.

Bitcoin totals 1 015 619 036 768 USD of capitalization for a dominance of 60.3%. Ethereum’s marketcap is 208 923 083 592 USD, followed by Binance Coin with 43 837 613 651 USD.

Market Sentiment

Latest Crypto Fear & Greed Index

Bitcoin Analysis

The BTC closed higher, trading around $54500.

The daily technical situation is rather positive but is quite neutral-negative in 4 hours.

What to do about it?

 The best thing to do is to wait for a better entry point. On retracement, most likely around $52500. No more than 0.5% risk on this one.

  • The supports of the day are at 52500$ — 53400$
  • The resistance of the day is at 55500$

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Ethereum Analysis

This is the same story for ETH, trading around $1820 at the time of writting these lines.

The daily technical situation is rather positive and is negative in 4 hours.

What to do about it?

 

The best thing to do is to wait for a better entry point.

  • The supports of the day are at 1750$ — 1650$
  • The resistance of the day is at 1850$

Conclusion

We have to wait for a better entry point for ETH and BTC.


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