State of Mind - April 4th

New day on the crypto planet!

What's the situation since yesterday at the same time? Well, total market capitalization increased from $3 billion to $277 billion, after climbing to $283 billion overnight.

Not much movement then!

The next resistance on the Bitcoin is around $7,800. The MACD in daily horizon is certain curved and not far from a bullish cross, however, the cross is still not effective. However, CCI has already given a buying signal.

However, the situation in the lower time horizon is worrying. Indeed, the CCI crossed its bearish signal line in 4h and 2h and the MACD also crossed downwards in 2h horizon.

This does not mean that the BTC will fall, but it calls for caution until the daily indicators confirm a recovery of the rise! Indeed, a short-term correction is not impossible after the rebound on the level of $6,434

So be careful, use a stop-loss and take a look at the main technical levels!

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