The marketcap has been moving down (-3.98%) since yesterday. The total capitalization is 248 146 362 632 USD.
Bitcoin totals 162 712 776 099 USD of capitalization for a dominance of 65.50%. Ethereum’s marketcap is 22 634 714 388 USD, followed by Ripple with 8 798 026 913 USD.
Market Sentiment
HOW TO READ THE MARKET SENTIMENT ?
Bitcoin Analysis
Bitcoin closed lower at around $8,773. The $8700 level seems to be supportive at the moment.
The daily technical situation is negative and remains negative in 4 hours.
What to do about it?
The scenario is bearish, this could be a good opportunity to wait for it to drop before buying before resuming the bullish trend.
- The supports of the day are at 8700$ — 8500$
- The resistances of the day are at 9200$ — 10000$
Ethereum Analysis
ETH closed lower, trading around $203.
The daily technical situation is negative and remains negative in 4 hours.
What to do?
The scenario is also bearish for ETH and we could retest the $192.
- The supports of the day are at 192$ — 185$
- The resistances of the day are at 207$ — 217$
Conclusion
The daily technical situation is negative for ETH and BTC.
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