BitOfferEN

Daily analysis-2020/05/22

HTX:BTCUSDT   Bitcoin / Tether USD
The market pullback and the ETC strengthened again among the whole major tokens. The overall rebound trend of the market was very obvious, but the rebound of BTC was weak and could not keep up with the market rhythm. In the 1-hour chart, the k-line is out of the obvious anti-packet pattern, and the anti-packet line is not stepped back at the 1/2 position which indicates that the short-term market appears at the bottom, the MACD shows the golden cross below the zero axis and the red pillars are constantly expanding. There is a rebounding demand in the short-term and focus on the pressure of $9200.

ETH rebounded further in the late which is expected to impact $205 pressure. In the 1-hour level trend, MACD is below the zero axis and gradually approaching it. The market continues to be bullish on the offensive in the short term. Follow up with the $205 pressure level.

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