State of Mind - May 9th

New day on the crypto planet!

What is the feeling today?

Well the beginning of the session is not yet very positive for our favorite market! Indeed, as evidenced by the total market capitalization which, after a brief rebound, declined from $440 billion to $418 billion at the time of writing.

The market is therefore in the red and the largest crypto that is Bitcoin does not escape this trend. Indeed, he is currently testing the $9,000 level that has held so far. We can see a divergence between prices and technical indicators CCI and MACD which could lead to a rebound in the hours that follow. However, the technical situation on a daily horizon calls for caution, as indicators have already fallen.

It is therefore a situation to monitor by taking precautions, ie using stop-loss if you decide to enter a buying position.