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BitOffer Bitcoin Market Analysis 2020/05/17

HTX:BTCUSDT   Bitcoin / Tether USD
The market shocked as the performance of the ETC market was weak, and only it dropped. The BTC market was limited at the resistance of $9,600, and failed at breaking it several times. Fro the 1-hour chart, the market is on the process of the adjustment with a low volume. The red pillars of the MACD is getting stronger since the moving averages are climbing. After the adjustment, the market is about to boost again. Focus on the fluctuations and the resistance at $9,600. Buying in when dips if the market can be held above the $9,200.

The ETH market went behind the BTC market. From the movement of the 1-hour chart, continuous golden courses showed up in the MACD, but still cannot increase the volume to break through the resistance at $204. However, the MACD still ran above the zero axis. The longs took the lead. HODL it if the market can be held above the level of $200.

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