TOTAL Marketcap / Crypto Total Market Cap
TOTAL daily analysis 09/04/2026. The total crypto market cap index is showing a bearish posture after failing to hold a recent retest, keeping our technical analysis focused on whether a corrective leg extends lower or stabilises back above prior resistance.
- The index shows us that the index retested the local high but got retested.
- This is a typical set-up for an ABC-correction of the last bullish move-up. We saw a push down (A), a retest of the high (B) which could be followed by a continuation of the correction towards the C, retesting the open of that candle.
Market Structure Analysis
From a market structure perspective, this TOTAL daily analysis is defined by a failed retest at the local high, which acts as a clean horizontal resistance reference. The sequence described as A (push down) followed by B (retest of the high) frames a classic corrective structure after the prior bullish impulse. In practical terms, the B-leg retest attempts to reclaim the prior swing area but fails to hold, increasing the probability that price continues to complete the correction into a C-leg. If that C-leg develops, the key structural magnet becomes the open of the bullish candle, as it represents an untested area where price often rebalances after a rejection. Until the local high is reclaimed and held, the path of least resistance remains corrective and bearish.
Key Levels and Scenarios
In this technical analysis, the bearish continuation scenario remains active while the local high caps price, with the primary expectation being completion of the ABC-correction into C. The alternative scenario requires a clean reclaim of the local high, which would weaken the corrective thesis and suggest the prior bullish move-up is resuming.
- Local high: key resistance; failure here keeps the corrective bias intact
- B-leg retest zone: acceptance back above it would reduce bearish continuation odds
- Open of the bullish candle: downside retest zone for a potential C-leg completion
- A-leg low area: structural reference for whether the correction is extending or stabilising
Trading Implications
For execution, the cleanest framework is to treat the local high as the invalidation reference for bearish continuation, and the candle open area as the main corrective objective if the C-leg plays out. More conservative traders typically wait for confirmation (either continuation away from resistance, or a reclaim and hold) rather than anticipating the next leg inside the corrective structure.
This analysis is for informational purposes only and does not constitute financial advice.