New day on the crypto market!
What happened this morning? What's the feeling?
Well, since Friday, the market has grown as evidenced by the total market capitalization which now stands at $425 billion after peaking at $441 billion on Sunday. Indeed, even if the market is higher than last Friday, it seems to consolidate the gains of the weekend.
Bitcoin is a perfect example. Indeed, after peaking Thursday at $9,777, the Bitcoin went down Friday to the $8,650 zone and then climbed to $9,544. The prices are currently at $9,200 and the technical indicators in 4h time horizon invites caution.
Nevertheless, we can observe an upward divergence between the CCI and the prices in 15 minutes time horizon. A rebound is therefore not to be excluded!
If you enter the market, don't forget to use a stop-loss!