Currently we have a break to the downside in the long term upward trending wedge on the total crypto market cap. As everyone knows, Over the past year we have had a downward trending wedge during the bear market.
I believe we will have a bounce at the current level as we find some support. We will then have massive resistance at 1.2T as we attempt to break above the downward trending wedge and get back into the long term upward trending wedge.