The marketcap has been moving down (0.61% ) since yesterday. The total capitalization is 177.650.867.869 USD.
Bitcoin totals 93.621.371.434 USD of capitalization for a dominance of 51.9% .
Ethereum's marketcap is 18.019.027.960 USD, followed by Ripple with 13.932.909.954 USD.
After testing the $5,350 resistance, the BTC was pushed back towards its oblique support by reaching a low point at the $5212 level.
What is the current situation?
After this fall, the BTC seems to have stabilized. From a technical point of view, we can see that over a 4-hour horizon, the indicators could cross upward and allow the BTC to test its resistance again.
In this case, a confirmation of the resistance breakage (around 5350$) is necessary before thinking about returning to position. During this time, the price could be pushed back and hit the oblique support again in the range of 5150$ - 5200$.
What to do about it?
If you are already in position and your stop is below $5,000, do nothing. If you are not yet in position, however, we advise you to wait for a return to the oblique support or a confirmed break of the resistance before opening a long position.
The supports of the day are located at 5000$ - 4800$
The resistances of the day are to 5350$ - 5465$
It seems that the Ethereum tested its $168 support before stabilizing. Currently, ETH is at the $170.75 level.
From a technical point of view, the indicators are starting to cross upward in the mid-term, so a return to resistance 1 is possible. A break of this level is necessary to see greater upward movement for ETH
What to do about it?
If you are already in position, you can keep it but we advise you to put your stop under bracket 2. If you are not yet in position, we recommend waiting for a return on support 2 before proceeding to purchase.
The supports of the day are located at 168$ - 163$
The resistances of the day are to 173$ - 182$
BTC: Bitcoin is in the process of consolidating its ascending triangle. If you are already in position, keep it and leave your stop-loss under $5,000 to let your position breathe in the event of a return to the oblique support. If you are not yet in position, we advise you to wait for a return on the oblique support (5150$-5200$) or a confirmed break of resistance 1 before positioning yourself.
ETH: Ethereum has bounced back on its support. If you are already in position, we recommend that you place your stop-loss under bracket 2. If you are not yet in position, it is preferable to wait for a return on support 2 before proceeding to purchase.
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