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Welcome to this TOTAL2 aka Altcoin market cap update. Total2 is the market cap of the whole market excluding BTC means which measures the market cap of all the Altcoins.
Total2 forming an Adam&Eve pattern 12hr time frame. After the breaking out of the neckline currently it is going for a retest. The retest level is at around 1.14T from where we can expect a good bounce in Alts.
As of now, it's better to wait for a long entry and if you holding any then hold only on spot.
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If we adjust our white trendline a little bit then this pattern is still valid and we have seen a green candle forming here. All we need is one green candle close here for more confirmation.