New day on the cryptos market!

What's The Feeling This Morning?

The beginning of the session was rather calm, in line with the end of the previous session. However, the market rose sharply to around 3 am (CEST). Indeed, market capitalization increased from 210 billion to 222 billion in the space of two hours. It now stands at $217 billion.

Bitcoin also increased impulsively overnight from $6,460 to a high of $6,882 before falling back to $6,650. The technical situation on the 1h horizon is rather negative even if the MACD has not yet crossed downwards. On the other hand, on a daily horizon and 4 hours, the technical situation is rather positive.

Nevertheless, we must remain cautious because the resistance to 6,800$ is solid and a fall is never impossible, especially in this climate of uncertainty concerning the SEC's future decisions.