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The market rose. Daily analysis-2020/05/29

HTX:BTCUSDT   Bitcoin / Tether USD


The early market rose across the board with ETC and ETH active. The increase is more than 3% and BTC performance is weak, there is an obvious stagflation state. From the 1-hour level trend, the early market in the impact of $9600 after the hindrance fell back, the k-line appeared top deviation phenomenon, and the impulse can obviously not keep up with the trend. A short-term adjustment is required and the current average collective upward rise, which shows the longs still lead the head. Pay attention to the following $9400 line support and buy in at a low is advised.

ETH performed strongly again. On the trend of the daily line, it began to impact a sharp fall since the rebound high $227 position, in the 4-hour level k-line, after breaking the $210pressure, the bulls further pulls up, the k-line cross over, the volume appears dense accumulation. The longs will be strong in the near future and pay attention to whether ETH can break through the former high $227 position and completely open up the uplink space.

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