One last bullish trap push before capitulation
Take a closer look at the Crypto Total market capitalization which we see the market cap is now sitting right around the crucial number of $1 Trillion. There isn't still any sign of significant movement in current structure.
What we have been thinking of is that current bearish pressure is very likely to be a temporary bias because the total market capitalization is now testing the area of $1T which is the psychological number on the market cap.
We see potential increase of market capitalization to at least the white resistance zone of resistance which is also the alignment with yellow resistance trend line.
Bullish trap of structure hasn't occurred yet that's why we will see further upside movement on the total market cap as the result of money inflow and then it will highly affect the movement on the large cap coins such as BTC, ETH and XRP.
What we have been thinking of is that current bearish pressure is very likely to be a temporary bias because the total market capitalization is now testing the area of $1T which is the psychological number on the market cap.
We see potential increase of market capitalization to at least the white resistance zone of resistance which is also the alignment with yellow resistance trend line.
Bullish trap of structure hasn't occurred yet that's why we will see further upside movement on the total market cap as the result of money inflow and then it will highly affect the movement on the large cap coins such as BTC, ETH and XRP.