[Daily analysis-2020/05/29]
The whole market pullback with most of the major tokens turning to red. BTC appeared to pull back with the roller coaster trend again. From the 1-hour level trend, the $9600 position appeared to fall back and hold above $9400 support. Long-term average continued to rise as the current long-term trend is still unchanged, the MACD index is still above zero axis. Pay attention to the $9400 support and continued to hold it not break.
ETH followed the market to pullback in the afternoon but still remained strong, in the 1-hour level K chart, the MACD index appeared dead cross which the falling medium can be magnified, indicating that the short position has been counterattack in the market in the short term and there will be profit holders to consider out. Continue to pay attention to the $216 support position below and continued to hold until it breaks.
The whole market pullback with most of the major tokens turning to red. BTC appeared to pull back with the roller coaster trend again. From the 1-hour level trend, the $9600 position appeared to fall back and hold above $9400 support. Long-term average continued to rise as the current long-term trend is still unchanged, the MACD index is still above zero axis. Pay attention to the $9400 support and continued to hold it not break.
ETH followed the market to pullback in the afternoon but still remained strong, in the 1-hour level K chart, the MACD index appeared dead cross which the falling medium can be magnified, indicating that the short position has been counterattack in the market in the short term and there will be profit holders to consider out. Continue to pay attention to the $216 support position below and continued to hold until it breaks.
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