TOTAL Marketcap / Crypto Total Market Cap
TOTAL daily analysis 18/05/2026. The total crypto market cap remains structurally bearish after a reversal breakdown, but the current fade in downside momentum signals a tactical relief window where buyers are stepping in.
- after the formation of a reversal pattern (head and shoulders), the index went south.
- At this moment we can clearly see that the first confirmed push down is fading, showing us that bulls are willing to take over (temporarily).
- But this bearish correction could mean either of two things :
- 1. we have finished the weekly correction of the bearish impulse and are initiating a further bearish continuation on the weekly timeframe. This would mean a further continuation down past the 60K level/
- 2. or this "relief" is a part of the ongoing weekly correction. Pulling back the index in order to find extra liquidity on the lower levels and thus having enough force to push back higher again.
Market Structure Analysis
Our TOTAL weekly analysis keeps market structure front and center: the head and shoulders breakdown is the defining bearish shift, and the initial impulsive leg down confirms sellers had control. What matters now is the “fading” of that first confirmed push down, which often shows a corrective pause where price compresses and hunts liquidity before choosing the next directional impulse. In a bearish environment, this type of relief can either become a clean bearish correction (setting up continuation) or evolve into a deeper retracement that absorbs sell pressure and reclaims key support resistance zones. Until the market proves otherwise, this is still a corrective structure inside a broader bearish context.
Key Levels and Scenarios
For this TOTAL weekly analysis, the split is clear: either the correction is complete and the market resumes the bearish impulse, or the current relief is only a mid-correction bounce that later dips again to collect liquidity before a stronger recovery.
- $60K level: key continuation trigger mentioned for the bearish scenario if downside extends
- Head and shoulders breakdown area: the structural zone that should cap upside if bears remain in control
- Recent reaction low from the first confirmed push down: liquidity zone that becomes important if the relief fails and price retests lower
Trading Implications
The current zone favors patience: aggressive traders typically focus on confirmation around breakdown/retest behavior, while conservative traders generally wait for a clearer break of structure in either direction. Risk is elevated because both continuation and deeper-correction outcomes are structurally valid in a fading-momentum environment.
This analysis is for informational purposes only and does not constitute financial advice.