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The market rebounded again. Daily analysis-2020/05/26

HTX:BTCUSDT   Bitcoin / Tether USD


The market rebounded again and BTC maintained its leading momentum, while ETC performed poorly. In the 1-hour level k-line chart, the bulls began to try to challenge the $9000 pressure. The MACD crossed above the zero axis, and the amount can be amplified which indicates that the bulls are gradually becoming more active and the market is beginning to rise. Pay attention to whether the $9000 position can effectively breakthrough or stand firm. Once it breaks, it will usher in an anti-contracting market, which will be positively bullish at that time.

ETH showed a slight drop lately. In the 1-hour trend, the MACD shows signs of a golden cross near the zero axis, the short-term bulls are relatively active and have recently followed the trend of BTC. Pay attention to the $206 above and $201 support, buy-in at a low if not break this range.

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