BitOfferEN

BTCUSDT- Turning point is possibly going to show up.

Long
HTX:BTCUSDT   Bitcoin / Tether USD
The market touched the bottom and rose back. So far, most major tokens have presented "green numbers" while the performance of BSV and BCH was the top. What should be noticed is that BTC refreshed the lowest point at $8,418 since the adjustment. From the movement, its decline was following the MA5, and the rebound was limited by the MA5 also, which can be considered as the classical shorts signal. However, even the movement of the BTC market ran like a bear, it was still above the support level of $8,500. Besides, 7 negative lines have continuously shown up in the daily chart, the probability of the negative lines shows up in the near futures is low. The market is likely to rebound and bring up the positive lines above the $8,500. Long after the level of $8,750 broken is available.


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