Market Analysis of March 3rd

The marketcap has been Moving up (0,87%) since yesterday. The total capitalization is 1 552 675 221 630 USD.

Bitcoin totals 913 091 182 176 USD of capitalization for a dominance of 60.8%. Ethereum’s marketcap is 182 714 156 976 USD, followed by Cardano with 40 135 347 771 USD.

Market Sentiment

Latest Crypto Fear & Greed Index

Bitcoin Analysis

The BTC closed higher, trading around $49500.

The daily technical situation is still rather negative and is positive 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 $48000 – $49000 after a breakout of the 50-52k.

  • The supports of the day are at 40000$ — 45000$
  • The resistance of the day is at 51000$

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Ethereum Analysis

This is the same story for ETH, trading around $1580 at the time of writting these lines.

The daily technical situation is rather negative and is now positive on 4h.

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 1440$ — 1405$
  • The resistance of the day is at 1600$

Conclusion

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


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