Good morning everyone,
the situation is not the best and I want to anticipate an analysis involving the TOTAL MARKET CAP since unfortunately, as you have seen, LUNA has raged heavily on the entire market, creating panic throughout the crypto ecosystem.
the dominance of BTC has grown because I believe that the funds that were on LUNA have been moved to asset n1 in the RE of assets ... BTC, in fact we can see how the dominance of BTC has undergone an increase from 41% to almost 45 %, means that BTC is still the clearly dominant asset.
Returning to the technical analysis, as far as I'm concerned, the situation could worsen further from the beginning of June.
This week we saw the touch of the MA 200 which fortunately bounced the price from 1.1 trillion to almost 1.3 trillion right now, finding us in the middle between the MA 100 and the MA 200.
Next week I believe that BTC will fight against the resistance of 1.5 Trillion (MA 100) but unfortunately, given the global trend, I expect from June to return below the Trillion level, going to lean on the cluster at the beginning of 2021.
I will evaluate the situation of an entry point if we touch the trillions
the situation is not the best and I want to anticipate an analysis involving the TOTAL MARKET CAP since unfortunately, as you have seen, LUNA has raged heavily on the entire market, creating panic throughout the crypto ecosystem.
the dominance of BTC has grown because I believe that the funds that were on LUNA have been moved to asset n1 in the RE of assets ... BTC, in fact we can see how the dominance of BTC has undergone an increase from 41% to almost 45 %, means that BTC is still the clearly dominant asset.
Returning to the technical analysis, as far as I'm concerned, the situation could worsen further from the beginning of June.
This week we saw the touch of the MA 200 which fortunately bounced the price from 1.1 trillion to almost 1.3 trillion right now, finding us in the middle between the MA 100 and the MA 200.
Next week I believe that BTC will fight against the resistance of 1.5 Trillion (MA 100) but unfortunately, given the global trend, I expect from June to return below the Trillion level, going to lean on the cluster at the beginning of 2021.
I will evaluate the situation of an entry point if we touch the trillions
