cryptocurrencies It has seen many good developments that have a positive impact on its future in the long term. However, this does not mean that there will be a continuous increase in the short term. Especially when routine is so disrupted in many areas globally. Bitcoin 
$110,871.06 Its price is struggling to maintain $108,000 and today we will take a look at the charts of Efloud.
Cryptocurrency Charts
Anonymous company known for accurately detecting important price zones cryptocurrency analyst Efloud shared his comprehensive assessment hours ago. The analyst who shared the total market value chart of cryptocurrencies during the decline on October 11 expected around $3.4 trillion to be maintained as support. According to Efloud, the recovery of $ 3.74 trillion will bring up the resistance of $ 3.95 trillion.
“After the mentioned support gain in Total Market Cap, it came to the $3.95 T zone and was rejected.”
In this case, a retest of the support is possible. The chart below is Total2 and here we saw the rejection from the resistance zone. For those who like to take risks, these rejections presented a short selling opportunity, and in the last few hours we saw that those who took short positions were right.
Bitcoin market dominance The support point for was 59.2.
ETHBTC Altcoins are not happy because their parity cannot reach the 0.0382 level. If the decline continues, 0.0325 may be tested.
What to Expect in the Coming Hours
This week due to US government shutdown non-farm employment and unemployment figures will not be announced. Will be held at the end of the month fed meeting Beforehand, the institution will have to make a decision based on the available data. Trump, who met with Putin, announced that the delegations will meet next week, and it is good that tensions have decreased on the Russian side again.
Chinese If Trump is going to announce something big about himself, he can do it tomorrow. We may see triple-digit taxes or different trade restrictions coming to shake China, which has not yet announced that it is stepping back, especially after the US market close. The American Express earnings report will be out tomorrow. These days, the earnings reports of the last quarter held some ground in the US stock markets, but today we saw a decline again, which also affected the crypto.
If there are no surprises, US inflation figures will come out in the week of October 24th. Today’s expectation for core inflation is that it will remain constant, but headline inflation is expected to rise to 3.1%. Anxiety about possible inflation figures next week may make itself felt over the weekend. Even if expectations are reasonable, markets like to price in speculation.
