BitOffer Bitcoin Market Analysis 2020/05/13

The market fluctuated downwards. After the halving, the volatility of various major tokens tended to ease, and both sides entered a short rest period. In the 1-hour line,BTC dropped slowly and the MACD has a dead cross, which means the process of callback will heppen in the short-term. but the MACD is still above the zero axis, and there is no heavy volume in the callback indicating that the callback is not strong. The callback is limited, hold at $8700 and focus on the pressure $9000.

ETH turns from to red and there is a rapid rebound again during the callback, which means that the bulls are strong in resistance. In the 1-hour k-line, the MACD has not broken below the zero axis. There is a callback demand before, but short-term bulls still account for good. continue to pay attention to the top line pressure of $192 above.

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