⚠️⚠️⚠️⚠️Global market capitalization ($TOTAL) continues to hover in an important zone — around $3.33 trillion
This is a level from which the market has rebounded multiple times, and for good reason: it roughly aligns with the area of $108K for BTC — the previous ATH. Such correlation is not surprising, given BTC's weight in the overall capitalization.
As long as we trade above this level — it is a good signal for continued growth. But if the market returns inside the range, it could be the first signal of a decline across the market.
We are monitoring behavior around this zone — much depends on it.