Market Analysis of March 22nd

The marketcap has been Moving up (3.27%) since yesterday. The total capitalization is 1 787 861 836 508 USD.

Bitcoin totals 1 068 969 008 700 USD of capitalization for a dominance of 60.9%. Ethereum’s marketcap is 205 743 147 623 USD, followed by Binance Coin with 41 142 890 106 USD.

Market Sentiment

Latest Crypto Fear & Greed Index

Bitcoin Analysis

The BTC closed lower, trading around $57000.

The daily technical situation is rather negative and remains rather 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 50000$ — 55000$
  • The resistance of the day is at 60000$

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Ethereum Analysis

This is the same story for ETH, trading around $1780 at the time of writting these lines.

The daily technical situation is rather negative and remains 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 1650$ — 1700$
  • The resistance of the day is at 1800$

Conclusion

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


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