BitOfferEN

The market pullback. Daily analysis-2020/05/08 2rd

HTX:BTCUSDT   Bitcoin / Tether USD
The market pullback as bitcoin was impeded after attacking above the $10,000 and then fell back again. The volume has increased during the callback on the 1-hour line but the rise is not that much. The long-term average line is still moving up which means longs still stay strong. MACD appeared dead cross and an adjustment is required. Hold the coin if not break the $9600

The cashability of ETH become weaker recently, the pullback is relatively fast and above bottom $210 fluctuated sideways. The average line opened and the uptrend is relatively slow, which indicates that longs become conservative. Focus on the support $210 and hold the money if not break.

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