BTC dominance is currently at 53.9% (-0.2%). The total market cap is currently at $129,2 billion (+ $9.2 billion). The market volume of the last 24h was $19.6 billion (+ $4.0 billion).
We saw very good bounce off yesterday but it didn’t help so much weekly candle that is still too bearish. This weekly close tells us that price could go at least one more time to test 3600 support and even 3000 support.
But the bounce off was important because it showed that there are interest in the buying.
We are currently doing long and hosrt scalps according to trade setups.
The current sentiment is positive because of yesterdays up move but if we don’t break above 4200 area and close, most likely we are going down slowly but steady.
So, the trend is still bearish but at least we saw that there is interest at support area of 3600. To confirm that interest we need to see further move above 4100-4200 otherwise we are going down again!