State of Mind - March 6th

New day on the crypto planet !

What happens on the market?

In a word: Hesitation!

The market doesn't know what direction to take since yesterday. Market capitalization declined again last night to $460 billion.

Nevertheless, we believe that bitcoin is resistant in comparison with the rest of the crypto market even if the downward divergence between prices and MACD is still relevant. It is currently trading below the $11700 level

The reasons behind this short-term bullish trend could be, as explained on our channel, the search for fundamental rather than technical and uncertainty in international trade since Donald Trump's recent statements.

Below you can find a table showing the support and resistance of the main currencies. In fact, it will allow you to see at a glance key levels to be monitored.

As always, don't forget your stop-loss and good trades to everyone.