Crypto total marketcap has been in a down trend for 5 months.
Next good level of support is $133.8 Billion, everything else is just a dead cat bounce. This doesn't mean that it will bottom at the $133.8 Billion level, it could go lower. But it is the next good level of support which has a chance of reversing the down trend.
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After some dip I am now bullish on BTC so marketcap might also move similarly