Market Analysis of May 25, 2020

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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