The marketcap has been moving up (+ 1.65% ) since yesterday. The total capitalization is 182.197.665.905 USD .
Bitcoin totals 92.660.264.123 USD of capitalization for a dominance of 50.9% .
Ethereum's marketcap is 19.051.830.635 USD , followed by Ripple with 14.861.098.428 USD of market capitalization.
There is nothing really new to report since yesterday's session, unfortunately. However, BTC has tried to break its ascending triangle without success and is currently trading at around $5,250.
What is the current situation?
The daily technical situation is still showing signs of decline even if prices do not seem inclined to fall immediately. On a 4-hour horizon, the technical situation is rather positive and shows signs of possible increase.
What to do about it?
The BTC could really break its triangle upwards, so we invite you to keep your position if you already hold BTC. If you are not yet in position, we recommend waiting for the triangle to break before positioning yourself.
The supports of the day are located at 5200$ - 5100$
The resistances of the day are to 5350$ - 5800$
As the correlation between Euthereum and BTC is important, Euthereum will follow the trend of BTC. Nevertheless, its as the volatility is higher, the amplitude of these variations will have a greater impact on its value. If the first support is passed, a sharp drop of USD 11 on its value could be very rapid. We are actually in a range between 173$ and 183$.
The supports of the day are located at 173$ - 162$
The resistances of the day are to 183$ - 200$
As you can see in this analysis, the market is in a downside risk position. If you are in USDT position then do not return to position without a break in resistance 1. If you are in BTC position or ETH then put your stop slightly below Support 1 for ETH and below Support 2 for BTC (avoid being stopped by a pull back picket but avoid a significant drop in value in case of breakage.
If you want to play leverage, use ETH. Long bottom of the range, short top of the range.
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For any question, our team will be happy to answer you on our support which is open 7/7 days.
See you tomorrow for a new market analysis !