The marketcap has been moving up (+0.59%) since yesterday. The total capitalization is 220 607 718 563 USD.
Bitcoin totals 149 188 457 281 USD of capitalization for a dominance of 67.60%. Ethereum’s marketcap is 19 208 850 455 USD, followed by Ripple with 10 728 889 859 USD.
The Bitcoin has closed up with a hammer-shaped candle just above the Monthly Open and is trading at around $8270. It continues to consolidate.
The daily technical situation is rather negative. Indeed, MACD and WaveTrends are down with slight signs of recovery. The CCI shows signs of downward curvature.
Over a time horizon of 4 hours, the WaveTrends crossed downwards, the MACD is up with signs of downward curvature and the CCI is down. The technical situation is also rather negative.
What to do about it?
The Monthly plays an uncertain role between support and resistance. The BTC is evolving in range and it is difficult to know for the moment which direction it will take.
- The supports of the day are at 8000$ — 7700$
- The resistances of the day are at 8600$ — 9250$
ETH closed with a bullish movement and is trading around $177, still between the Monthly Open, which is currently being used as a resistance, and the Weekly Open.
The daily technical situation is negative, the WaveTrends is slightly down despite signs of recovery, the CCI is down and the MACD is slightly down as well.
Over a time horizon of 4 hours, the technical situation is also rather negative. WaveTrends crossed downward, MACD is down despite signs of recovery and CCI is almost horizontal.
What to do about it?
As with the BTC, we advise you to wait for a break before making a decision.
- The supports of the day are at 169$ — 152$
- The resistances of the day are at 189$ — 202$
We advise you to wait for a break either for BTC and ETH. Their evolution in range forces us to take precautions before deciding on their future directions.
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