New day on the crypto market!
Hey, what's going on? That's the question everyone's been asking since last night.
Yesterday the total market capitalization was losing up to $41 billion in a few hours with a low point of $388 billion before recovering and stabilizing around $400 billion.
What triggered this bearish move?
According to Bloomberg, Japan suspended 2 exchanges and penalized 4 others while the SEC said that exchanges should register with it. In addition, Binance appears to have been hacked. So yesterday was not a good day in terms of fundamental news.
From a technical point of view, the Bitcoin seems to have bounced back on its 9383$ support, nevertheless a figure in double top is now visible on this currency. The MACD is still pointing downwards. Our sentiment is therefore mixed and we favour caution and patience while waiting for a bullish MACD cross.
The market as a whole is up this morning, so yesterday's reaction may only be due to the accumulation of bad news, but nothing is certain!
So don't forget your stop-loss if you get in position!
Good trade to everyone!
Please find below the Support and Resistance table of the day !