The marketcap has been moving down (-1.02%) since yesterday. The total capitalization is 218 350 249 618 USD.
Bitcoin totals 147 305 181 228 USD of capitalization for a dominance of 67.50%. Ethereum’s marketcap is 18 929 913 406 USD, followed by Ripple with 10 802 025 650 USD.
The BTC closed down and is trading around $8135, between the Monthly Open which seems to have become a resistance and the Weekly Open. It remains in consolidation for the time being.
The daily technical situation is rather negative. The CCI is horizontal, with a slight downward curvature, while the MACD and WaveTrends are down with signs of reversal.
Over a time horizon of 4 hours, the technical situation is also rather negative, the MACD is upwards with a slight downward curvature, the CCI is downwards but almost horizontally and the WaveTrends is downwards.
What to do about it?
The BTC continues to evolve in range, making it difficult to trade. It would be interesting to test the Monthly to confirm its resistance role.
- The supports of the day are at 8000$ — 7700$
- The resistances of the day are at 8600$ — 9250$
ETH closed with a bearish movement bringing it back to around $173.65. It continues to evolve in range between the Weekly Open and the Monthly Open. ETH came to test the Weekly which confirms its support role.
The daily technical situation is rather negative, but all three indicators are almost horizontal although still slightly down.
Over a time horizon of 4 hours, the technical situation is also rather negative, the drop in indicators is a little more marked but they also approach the horizontal.
What to do about it?
ETH seems to continue its evolution in range too, we always advise you to wait for a break before positioning yourself. You can trade in range while waiting for a possible break.
- The supports of the day are at 169$ — 163$
- The resistances of the day are at 181.35$ — 189$
The BTC and ETH continue their evolution in range and many scenarios are still possible, so trading them for the moment is still risky. Be prepared for possible breaks and take advantage of this opportunity to take an interest in other corners.
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