The marketcap has been moving up (+8.84%) since yesterday. The total capitalization is 245.173.528.776 USD.
Bitcoin totals 154.422.155.748 USD of capitalization for a dominance of 57.10%.
Ethereum’s marketcap is 28.381.944.079 USD, followed by Ripple with 17.218.911.523 USD.
[/vc_column_text][vc_empty_space][vc_single_image image=”1147″ img_size=”full” alignment=”center” title=”Market sentiment”][vc_empty_space][vc_separator][vc_empty_space][vc_column_text]
The BTC broke its triangle upwards reaching a high point at the $8939 level! Currently it is evolving at the level of 7720$
What is the current situation?
After such an increase, consolidation is expected. The important level close to the current price is $8800. However, the big psychological resistance is at $10,000. If the buying force remains so strong, the price could rise even higher to reach this level.
What to do about it?
At this level, if you are already in position, raise your stop loss to the 8300$ level. If you are not yet in position, wait for a return to the 8300 – 8400$ zone or a confirmed break of the 8800$ level.
- The supports of the day are at 8500$ – 8300$
- The resistances of the day are at 8800$ – 9160$
Like the BTC, ETH broke several resistance and reached a high of $273.85. It is currently at the $268.75 level.
From a technical point of view and if you look at the order book, the price is supposed to go down, however, it would seem that an oblique support supports the price, if it holds, the price could go up.
What to do about it?
In the short term, ETH operates in a triangle of consolidation. If you are already in position, place your stop loss under $260. If you are not yet in position, wait for a break in the triangle’s resistance at $272 or a return on support within $260.
- The supports of the day are at 260$ – 250$
- The resistances of the day are at 272$ – 280$
BTC and ETH are in a consolidation configuration after a large rise. place yourself at the break of the resistance or on the rebound of the support.
You can join us on Telegram for a follow-up of the market throughout the day.
For any question, our team will be happy to answer you on our support which is open 7/7 days.
See you tomorrow for a new market analysis!