Bitcoin / Tether USD

The market rebound significantly. Daily analysis-2020/05/07 3rd

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The market rebound significantly, especially the bitcoin price which broke the high $9456 and achieved the historical high since the rebound. The average line has diverged again and accelerated the increase on the 1-hour k-line. MACD showed golden again above the zero axis and the longs take the strong lead, the high $10000 is just a fingertip. However, under the weak cashability of other tokens, the risk of a pullback should be vigilant. Be sure not to chase rise and buy in around $9400

ETH however behave disappointing, the price is growing sluggishly and falling swiftly on the 1-hour line. The longs gradually lose confidence and the energy of uptrend is weak. Although the MACD index showed golden cross, it still below the zero axis which indicates that there will be a short-term rebound but don’t expect too much. Focus on the pressure $210

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