BitOffer Bitcoin Market Analysis 2020/04/28

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A narrow range of shock happened in the afternoon market, BTC shows horizontal adjustment at $7700. Meanwhile, MACD was positioned around above zero axis at one-hour K-line chart, the long position still showed preponderance, however, MACD moved towards dead cross again which means certain adjustment requirements are needed. Users should beware of callback and hold it until the price broke the supporting point on $7600

Rebound became weak appeared on ETH in the afternoon, MACD became golden below the zero axis at the on hour K-line chart. Short-term weak rebound appeared and should beware the downside risk since the stress arises at $196, focus on the supporting point on $190

Penafian

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