Evening Market Report September 29
BTC rallied slightly during the day, watching whether the top can break 42,500.
According to data from Huobi Global, BTC rallied slightly during the day and is currently located near 42000. From the 4h line, BTC above the pressure is strong, failed to have a breakthrough, currently located near 42000, EMA5, EMA10slowly upward; K-line in the Bollinger band below the middle rail, and gradually close to the middle rail, Bollinger band opening almost unchanged, horizontal parallel running; volume is relatively depressed, DIF has the trend of penetrating DEA, more and less Momentum is not divided. From the daily level, BTC is currently a short negative, short-term support level of 40700, pressure level of 42500, short-term or will be a small shock, after consolidation concern whether a breakthrough.
According to data from Huobi Global, ETH rallied slightly during the day and is now in a sideways position, currently located near 2900. From the 4h line, EMA5 and EMA10 are slowly moving up; the k-line is located below the middle rail of the Bollinger band and is gradually running towards the middle rail of the Bollinger band, the opening of the Bollinger band is basically unchanged and running horizontal and parallel; the volume is relatively depressed, DIF is gradually approaching DEA, and the multi-party momentum is gradually increasing. From the daily perspective, ETH is currently a short positive line, there are signs of stopping the decline at present, pay attention to whether there is a breakthrough above.
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 decreased slightly, 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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