#TOTAL MARKET CAP ANALYSIS đ
The total crypto market cap is starting to look weaker after breaking below the ascending triangle pattern.
For me, the important level right now is the Ichimoku cloud. Price is still holding above its lower boundary, so this area could act as support.
But if the market cap loses the cloud with a strong move, that could open the door for a deeper correction across the broader crypto market.
Iâd be watching this level closely before assuming the next major move is bullish.
#Bitcoin #Altcoins #MarketAnalysis #Binance
The total crypto market cap is starting to look weaker after breaking below the ascending triangle pattern.
For me, the important level right now is the Ichimoku cloud. Price is still holding above its lower boundary, so this area could act as support.
But if the market cap loses the cloud with a strong move, that could open the door for a deeper correction across the broader crypto market.
Iâd be watching this level closely before assuming the next major move is bullish.
#Bitcoin #Altcoins #MarketAnalysis #Binance