#total Marketcap (Bitcoin and stablecoins excluded) Looking at the chart, it has reacted from a support level and is rising toward the downtrend. If it fails to break the trend, the rise will remain as a reaction to the decline.
If it closes around 809B, it will have broken the decline. In that case, there could be some recovery in altcoins. However, the 1.46-1.58T region is a strong resistance. If it fails to break it, a new decline could occur. If rejection occurs from the downtrend during the rise, we will be monitoring the 567B level. A close below it would deepen the decline.
#total Marketcap (Bitcoin and stablecoins excluded) Looking at the chart, it has reacted from a support level and is rising toward the downtrend. If it fails to break the trend, the rise will remain as a reaction to the decline.
If it closes around 809B, it will have broken the decline. In that case, there could be some recovery in altcoins.
However, the 1.46-1.58T region is a strong resistance. If it fails to break it, a new decline could occur.
If rejection occurs from the downtrend during the rise, we will be monitoring the 567B level. A close below it would deepen the decline.