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BitOffer Bitcoin Market Analysis 2020/05/22

HTX:BTCUSDT   Bitcoin / Tether USD
The market gradually recovered in which ETC and XRP performed strong, while BTC shows a weak rebounded. In the 1-hour level trend, the MACD index appears a golden cross below the zero axis, and shows the sign of the short-term rebound, but the current volume is relatively stable, the height of rebound may be limited. Since the moving average begins to show a short-selling trend, the long-term moving average begins to fall, and the bears still took the lead. pay attention to the pressure level of $9200.

The ETH obviously rebounded lately. The bulls turned on the counteroffensive signal. The MACD index showed a golden cross below the zero which indicates that there will be rebound demand in the short term, following focus on the pressure level of $205 while a W-shape showed up.


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