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Whole market rebounded slightly. Daily analysis-2020/05/26

HUOBI:BTCUSDT   Bitcoin / Tether USD


In early trading, the whole market rebounded slightly which only ETC rose weakly and fell back, while BTC's resilience was relatively strong and leading the increase. In the 1-hour level trend, the MACD index shows the sign of bottom deviation under the zero axis. After the formation of the golden cross, MACD begins to gradually shrink upward. In the short term, there is an obvious rebound trend. However, currently, MACD is still under the zero axis, which indicates that short-term bears remain dominant. Pay attention to the rebound pressure of $9000 line.

ETH rose and fell in early trading, and was blocked to fall in the first line of $206 above which indicating that the short-term rebound pressure is large. In the 1-hour K-line chart, the MACD index is golden cross below the zero axis, which rebounds in a short time, but it is highly limited. Pay attention to whether it can break through the zero axis limit and focus on the $206 pressure.

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