The marketcap has been moving down (-4.42%) since yesterday. The total capitalization is 237 159 360 913 USD.
Bitcoin totals 157 371 532 130 USD of capitalization for a dominance of 66.4%. Ethereum’s marketcap is 18 070 231 384 USD, followed by Ripple with 10 088 626 376 USD.
The technical situation of Bitcoin had already been showing risks of a downturn for several sessions, but it continued to rise to the 9190 level before plunging down to 8400.
The daily technical situation is now negative while over a 4-hour horizon, signs of bullish curves are visible.
What to do about it?
For the time being we will wait for a return to support before reassessing the situation or a confirmed break in the 8950 – 9050 zone on a daily basis.
The situation is similar for the ETH, with a daily technical situation that has just turned negative, while on a 4-hour horizon, potential upward signs are visible.
As for BTC, we will wait either for a break in the resistance zone or a support test before positioning ourselves.
Waiting for a return on support or a test and retest on resistance
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.