Evening Market Report September 30
BTC rallied intraday, watching if the top can break 44000.
According to data from Huobi Global, BTC rose during the day and then fell back slightly, now it is located near 43000. From the 4h line, the pressure above is stronger, EMA5 goes up through EMA10 and EMA20, forming a golden cross; the K-line is running between the middle and upper Bollinger band, and gradually approaching the middle rail, the Bollinger band opening is almost unchanged, running horizontal and parallel; the volume has picked up compared to yesterday, DIF goes up through DEA, the multi-party momentum is gradually revealed. From the daily level, BTC is currently a short positive, short-term support level of 40900, short-term consolidation or will continue to move up.
According to data from Huobi Global,ETH rallied during the day and fell slightly in the evening, currently located near 2950. From the 4h line, EMA5 uploaded EMA10 and EMA20, forming a golden cross; k-line is located near the middle rail of the Bollinger band, the opening of the Bollinger band is basically unchanged, running horizontally parallel; volume has picked up compared to yesterday, DIF has penetrated DEA, and the multi-party momentum is gradually increasing. From a daily perspective, ETH is currently a short positive, the trend and BTC convergence, has now stabilized 2650 a line, pay attention to whether the rising trend can continue.
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 increased slightly, 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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