CMC total market cap

Coinmarket cap is currently trending in between the 3 red lines. It looks like we're accumulating here with a possibility of another leg down and a reversal after the last z wave. The bottom red line was a major resistance prior to the previous bull run so we have a very high chance of it turning into a major support/reversal. The total market cap trend will give you a general direction of ALL coins, including BTC. We've been in an uptrend since march 2020, it is only normal for the market to correct for a bit. BTFD