Marketcap
The marketcap has been moving up (+1.46%) since yesterday. The total capitalization is 336.557.217.135 USD.
Bitcoin totals 201.666.727.380 USD of capitalization for a dominance of 59.90%.
Ethereum’s marketcap is 33.405.611.293 USD, followed by Ripple with 19.921.721.284 USD.
Market Sentiment
How to read the Market Sentiment?
Bitcoin
The Bitcoin remains firmly bullish at the beginning of this session with already more than 2.5% gain at the time of writing these lines. The technical situation remains positive, of course, even if the CCI and WaveTrends are operating in their overbought area..
Over a 4-hour horizon, the technical indicators are overbought but nevertheless remain bullish.
What to do about it?
If you are in a position, we recommend placing a stop-loss above your purchase price. If you are not yet in position, we recommend waiting for a $11700 break before positioning yourself for the purchase.
- The supports of the day are at 10000$ – 9450$
- The resistances of the day are at 11700$ – 12500$
Ethereum
ETH is still evolving above its support at $300, around $314. ETH is getting closer to its $320 resistance.
As with the BTC, ETH’s daily technical situation is rather positive with a CCI and a WaveTrends operating in overbought territory.
On a 4-hour horizon, the technical indicators have just given a buy signal from their overbought territory.
What to do about it?
If you are already in position, place your stop-loss above your purchase price. If you are not yet in position, wait until the $320 break before positioning yourself for the purchase.
- The supports of the day are at 300$ – 280$
- The resistances of the day are at 320$ – 335$
Conclusion
BTC and ETH are in ranges.
We advises you to wait for a return on the supports or a confirmation of resistance breakage.
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