In the past 24 hours, markets retraced a little after the late run up on Sunday, Total market capitalization slipped form ~USD138.3 billion to ~USD 134.5 billion, and 24 hour volume dropped down to normal levels of ~USD 14.8 billion. Most cryptocurrencies are seeing losses in the ~2-6% range. 📉

At time of writing, BTC is currently trading at ~USD 4,000, down ~1.6% from yesterday. On the daily chart, it is still trading above its 21-day EMA line, with an RSI level of ~53. On the weekly chart, BTC challenged its 50-day EMA line yesterday and failed to break through it. USD 4,200 appears to be a resistance line for BTC, evidenced by it bouncing off that price point on several occasions in the past weeks. The most immediate test for BTC remains to be whether it is able to break through this ~USD 3,800 to ~USD 4,200 consolidation zone. 👀

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