Evening Market Report October 12
BTC high intraday oscillation, pay attention to whether the above can effectively break 57800.
According to data from Huobi Global, BTC shocks at high levels during the day, it is now located near 56800. From the 4h line, the pressure above 57800 is strong, although touching the pressure level, but did not form an effective breakthrough, EMA5 is located above EMA10, EMA20, the average line poly arrangement; K-line in the Bollinger band between the middle rail and the upper rail running, near the upper rail, Bollinger band opening slightly expanded, slowly running upward; volume than the previous two days rose, DIF and DEA almost overlap, there is no difference between the longs and the shorts‘ power. From the daily level, BTC is currently a short negative line, which is a normal trend, the upward trend continues to maintain, short-term attention to the shock can effectively break through the support level.
According to data from Huobi Global, ETH has a large intra-day downside and is currently located near 3420. From the 4h line, EMA5 is located below EMA10 and EMA20, and the mean is arranged in a short position; the k-line moves down to the lower rail of the Bollinger band, and the Bollinger band opening expands slightly; the volume is relatively depressed, DIF continues to be located below DEA, and the gap is currently widened, and the short side potential prevails. From a daily perspective, ETH is currently in the negative line, has been in the 3400–3600 range of horizontal finishing for many days, in the short term, ETH market bearish sentiment is strong, or will continue to move down.
In terms of contracts, the data of Huobi Futures showed that the open interest of BTC futures remained stable, the volume decreaseed slightly, and the contract market was relatively inactive. The basis of futures contracts remained stable.
The open interest of ETH futures remained stable, the volume remained stable, and the contract market was relatively inactive. The basis of futures contracts remained stable.
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Huobi Research was founded in April 2016 and started research and explorations in various aspects in Blockchain area since March 2018. We cover various fields such as Blockchain technology research, industry analysis, application innovation and economic model explorations. We aim to establish a research platform and to offer theoretical foundations as well as judgements of trends in Blockchain to the public, ultimately promoting the development of the Blockchain industry.
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