[ The market stabilized and rebounded. Daily analysis-2020/05/25 ]
The market stabilized and rebounded with the ETC continuing to lead the way, BCH turning to green and BTC continuing to fall at the bottom. In the 4-hour K-line chart, the MACD index is dead again below the zero axis, and the K-line shows a large amount of decline, the short position performance is strong in the short term and the averages turn around together. Follow-up pays attention to the callback risk and focus on the $8500 support position.
ETH rebounded and a dead cross appeared under the zero axis of MACD index, but the red pillars began to shrink which indicating that the rebound was strong, and the K-line did not fall below the rising trend, and the bulls were still in the defensive line, continue to pay attention to the $197 support level.