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The market bottomed out. Daily analysis-2020/05/15

HTX:BTCUSDT   Bitcoin / Tether USD


The market bottomed out and EOS continued to maintain a strong lead, BTC fluctuated significantly with other major tokens. In the 1-hour line, the bears tried to suppress it to fall back to around $9200. The bulls were not willing to show weakness and gradually pulled back above $9600. The market showed a u-shaped rebound. The MACD index shrank after the dead cross above the zero axis which shows that the bull market is still not over, but both sides competition is fierce. Pay close attention to the pressure of $10,000 mark, and buy in at $9400.

ETH has a strong resistance today, and it still maintains a stable trend in the market's large fluctuations. In the 1-hour k-line, the MACD index shows dead cross on the zero axis, and there is a requirement for adjustment in the short-term. Although the long-term moving average keeps the upward trend, the short-term started to bond, and the rebound pressure was obvious. Pay attention at pressure $202.

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