The marketcap has been moving down (-6.02%) since yesterday. The total capitalization is 1 439 029 619 830 USD.
Bitcoin totals 879 354 631 737 USD of capitalization for a dominance of 60.7%. Ethereum’s marketcap is 167 429 524 105 USD, followed by Tether with 36 384 629 636 USD.
Market Sentiment
Bitcoin Analysis
The BTC closed lower, trading around $47500.
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. On retracement, most likely around $40000
- The supports of the day are at 40000$ — 45000$
- The resistance of the day is at 50000$
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Ethereum Analysis
This is the same story for ETH, trading around $1465 at the time of writting these lines.
The daily technical situation is rather negative and remains negative in 4 hours.
What to do about it?
The best thing to do is to wait for a better entry point.
- The supports of the day are at 1450$ — 1290$
- The resistance of the day is at 1520$
Conclusion
We have to wait for a better entry point for ETH and BTC.
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