The marketcap has been moving up (+1.08%) since yesterday. The total capitalization is 204 331 525 991 USD.
Bitcoin totals 135 290 210 025 USD of capitalization for a dominance of 65.50%. Ethereum’s marketcap is 17 713 351 597 USD, followed by Ripple with 12 142 528 054 USD.
The Bitcoin closed with a bearish movement and is trading around $7464. He continues to lose some of his dominance.
The daily technical situation is rather positive. The WaveTrends is close to crossing up, the CCI is up and the MACD is horizontal.
On a 4-hour horizon, the technical situation is also quite positive. The MACD is showing signs of recovery, the CCI is on the rise and the WaveTrends is starting to recover.
What to do about it?
The BTC continues its consolidation at the 7400$ level, without much movement. We can notice the formation of an ascending triangle. Pay attention to its breakage.
- The supports of the day are at 7300$ — 6700$
- The resistances of the day are at 7500$ — 7800$
ETH closed with a bearish movement, but the candle indicates a strong buying power. ETH is around $162.75. The daily technical situation is rather negative. The MACD and WaveTrends are down despite an increasing CCI.
Over a time horizon of 4 hours, the technical situation is rather positive. This time the CCI is down while the MACD and WaveTrends are up.
What to do about it?
ETH consolidates an ascending bevel or an ascending triangle into a formation. We advise you to prepare for both bullish and bearish scenarios.
- The supports of the day are at 158$ — 152$
- The resistances of the day are at 163$ — 168$
BTC and ETH are in consolidation and may lead to a bullish movement, but don’t forget to watch the alts as well.
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