Market Analysis of March 31st

The marketcap has been Moving up (-0.22%) since yesterday. The total capitalization is 1 832 832 655 504 USD.

Bitcoin totals 1 087 397 640 701 USD of capitalization for a dominance of 59.3%. Ethereum’s marketcap is 208 724 881 196 USD, followed by Binance Coin with 46 362 413 718 USD.

Market Sentiment

Latest Crypto Fear & Greed Index

Bitcoin Analysis

The BTC closed higher, trading around $57900 now.

The daily technical situation is rather neutral and is rather 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 $56000

  • The supports of the day are at 50000$ — 56000$
  • The resistance of the day is at 60000$

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Ethereum Analysis

This is the same story for ETH, trading around $1800 at the time of writting these lines.

The daily technical situation is rather positive but 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$ — 1700$
  • The resistance of the day is at 1840$

Conclusion

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


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