The marketcap has been moving down (-1.02%) since yesterday. The total capitalization is 194 623 308 343 USD.
Bitcoin totals 128 343 819 149 USD of capitalization for a dominance of 66.20%. Ethereum’s marketcap is 16 015 745 529 USD, followed by Ripple with 9 525 447 368 USD.
Market Sentiment
HOW TO READ THE MARKET SENTIMENT ?
Bitcoin Analysis
The Bitcoin has closed up but comes back to test the 6800$ zone. In the absence of a rebound we can expect a 6500$ test. In case of a rebound we can expect a 7400$ test again.
The daily technical situation is rather negative despite a WaveTrends that is increasing.
Over a time horizon of 4 hours, the technical situation remains rather negative.
What to do about it?
Wait to see if the $6,800 level will serve as resistance before positioning yourself.
- The supports of the day are at 6500$ – 6200$
- The resistances of the day are at 7400$ — 8000$
Ethereum Analysis
ETH closed up but is already coming back to test the $140. If the level holds well, we can expect a return of $152.
The daily technical situation is rather negative with signs of recovery. The WaveTrends has just crossed over to the rise. Over a time horizon of 4 hours, the technical situation remains rather negative.
The supports and resistors do not change for the moment.
- The supports of the day are at 144$ — 133$
- The resistances of the day are at 152$ — 163$
Conclusion
Wait for a rebound for BTC and ETH
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