Market Analysis of May 28, 2020

The marketcap has been moving up (+1.91%) since yesterday. The total capitalization is 255 263 526 965 USD.

Bitcoin totals 168 414 742 961 USD of capitalization for a dominance of 66.00%. Ethereum’s marketcap is 22 947 073 594 USD, followed by Ripple with 8 839 750 456 USD.

Market Sentiment

Bitcoin Analysis

The BTC closed higher and is currently trading around $9164 after dropping to $9100.

The daily technical situation is rather negative but the WaveTrends has crossed higher and becomes positive in 4 hours before becoming negative again in 1 hour.

What to do about it?

If you’ve been short since $9200, stay there. There are no signs of a bullish recovery so if you’re not in position yet, wait for a better entry point.

Ethereum Analysis

ETH closed higher and is trading around $206. There isn’t much new news since yesterday as for the BTC.

The daily technical situation is rather negative but tends to become positive. It was positive in 4 hours and negative in 1 hour.

What to do?

Too much uncertainty weighs on ETH, and if you are not in position, wait for a better entry point.


The daily technical situation is negative for ETH and BTC 

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.

For any information about our subscriptions, please visit our website or contact @butler_4c_bot directly to get all the information you need.

Subscribe to our newsletter and receive 10 Free Crypto Tutorials over 10 weeks!

Your personal data will be used to support your experience throughout this website, to manage access to your account, and for other purposes described in our privacy policy.