BTC gradually rallied in the afternoon to the evening, with strong support below 64000.
According to data from Huobi Global,BTC had a small pullback after breaking new highs last night, and is now gradually rising, located near 66000. From the 4h line, EMA5 is located above EMA10 and EMA20, the three are multi-headed arrangement, steadily moving upward; K line is located between the upper and middle Bollinger band, Bollinger band opening slightly expanded, parallel upward; volume is reduced compared to yesterday, DIF continues above DEA, the difference between the two is not large, the multi-party momentum continues to prevail, the market sentiment continues to be greedy. From the daily level, BTC is currently a short negative line, did not fall below yesterday’s support level, belongs to the normal retracement, the overall upward trend continues to maintain, pay attention to the subsequent volume situation and the breakthrough above 67000.
According to data from Huobi Global, ETH has risen sharply today and is currently located near 4300, up 5.47%. From the 4h line, after pulling up from yesterday night’s volume, it is still maintaining an upward trend, the K-line through the upper rail of the Bollinger band, the Bollinger band opening expanded significantly; the volume has expanded, DIF is located above DEA, the two are gradually pulling apart, the multi-party momentum is strong. From a daily perspective, ETH is currently a long positive line, the last two days of stronger performance, short-term concern about whether to break through 4400.
In terms of contracts, the data of Huobi Futures showed that the open interest of BTC futures decrease slightly, the volume decrease slightly, and the contract market was relatively inactive. The basis of futures contracts remained stable.
The open interest of ETH futures decrease slightly, the volume remained stable, and the contract market was relatively inactive. The basis of futures contracts remained stable.
About Huobi Research
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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