The marketcap has been moving down (-13.34%) since yesterday. The total capitalization is 133 153 316 277 USD.
Bitcoin totals 87 185 767 683 USD of capitalization for a dominance of 63.90%. Ethereum’s marketcap is 11 900 469 568 USD, followed by Ripple with 6 030 218 455 USD.
Bitcoin Analysis
Bitcoin closed higher with an inverted hammer but after a further drop today it is trading around $4600.
The daily technical situation is still negative and remains rather negative in a reduced time horizon.
What to do about it?
The situation remains uncertain and volatility is high. The cautious trader will stay away from the BTC for the time being.
- The supports of the day are at 4350$ — 3596$
- The resistances of the day are at 4950$ — 5650$
Ethereum Analysis
ETH also closed higher in the form of an inverted hammer but has since dropped to around $108.
The daily technical situation is negative and remains rather negative even in a short time frame.
What can be done?
The situation is too uncertain for any prudent trader. Observation is still the best thing to do.
- The supports of the day are at 100$ — 85$
- The resistances of the day are at 123$ — 136$
Conclusion
The daily technical situation is negative for ETH and BTC.
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