BitOffer Bitcoin Market Analysis 2020/05/24

HUOBI:BTCUSDT   Bitcoin / Tether USD
The whole market increased as the BTC market rose by a little few. From the 1-hour chart movement, the moving averages presented a golden cross. In addition, golden cross showed up showed up above the zero axis again. The longs starts attacking in the short-term market. However, the resistance at $9,300 was strong. Once it breaks the resistance, it is hopefully to be back to the level of $9,600. HODL long positions.

The ETH market also surged by a few, and started attacking the resistance of $211 as the longs took the lead. In the 1-hour chart, the moving averages are climbing. At the same time, a golden cross above the zero axis showed up in the MACD , and the volume increased while it surged. Once it breaks the level of $211, the market is about to experience a huge rebound.

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#BTC #cryptocurrency #Ethereum #Blockchain #Buildit


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