Marketcap
The marketcap has been moving down (-3.83%) since yesterday. The total capitalization is 351.004.266.386 USD.
Bitcoin totals 221.030.481.602 USD of capitalization for a dominance of 63%.
Ethereum’s marketcap is 34.467.379.603 USD, followed by Ripple with 18.484.987.988 USD.
Market Sentiment
How to read the Market Sentiment?
Bitcoin
After 8 sessions of increases and a high point of $13880 during yesterday’s session, the BTC is correcting today and is around $12280. The daily technical situation shows signs of correction with a MACD and a WaveTrends that show signs of curvature.
Over a time horizon of 4 hours, the technical situation is negative with a CCI and a WaveTrends that have already given a sales signal.
What to do about it?
If you are still in position, take your profits. If you are not yet in position, wait for a return on support at $12,000 before reassessing the situation.
- The supports of the day are at 12000$ — 11500$
- The resistances of the day are at 13000$ — 13500$
Ethereum
The evolution of the BTC and ETH is often linked, so the daily technical situation of the Ethereum also shows signs of decline.
On a 4-hour horizon, sales signals were also given.
What to do about it?
We recommend taking a profit if you are still in position. Otherwise, we recommend waiting for a return on the $300 support before reassessing the situation.
- The supports of the day are at 320$ — 300$
- The resistances of the day are at 335$ — 350$
Conclusion
BTC and ETH are in the process of being corrected, we advise you to wait for a return on the supports before positioning yourself for purchase.
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