State of Mind - April 19th

New day on the crypto market!

What is the feeling today?

Well, if you can tell by the market capitalization, it's pretty positive. Indeed, in yesterday's late update, we announced that the market capitalization was 342 billion dollars, it now stands at 345 billion dollars.

This increase occurs against the backdrop of a decrease in the dominance of the BTC, rather driven by the alt-coins therefore! Nevertheless, it is an increase relative to yesterday's situation, the market being very slightly down since the beginning of the session.

Bitcoin, let's talk about it! He is still above the $8000 level at $8160 at the moment but seems to be having trouble climbing to his next resistance which is at $8380-8400. From a technical indicator point of view, the MACD is currently crossing up in 4h time horizon.

If we look at a time horizon of 1 hour on the other hand, it crosses downwards. A short-term downturn cannot therefore be ruled out.

So be careful as usual and use stop-loss to protect your positions!

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