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Crypto Total Market Cap Breakdown

With Bitcoin & Ethereum breaking down, it's no surprise to see total market cap doing the same. A rejection at key overhead resistance is never good. Being below the 3-year ma and Ichimoku Cloud is never good either. The path of least resistance is currently to the downside. There simply isn't enough weight of evidence to turn bullish at this point. I know there are a ton of fundamental reasons to be bullish. An unbiased analysis of the chart evidence tells us a different story though. Be careful out there.