BTC has been slightly shaken overnight with strong support below 60,000.
According to data from Huobi Global, BTC rallied quickly from strong support around 60,000, and now is near 62800. From the 4h line, EMA5 is located in EMA10, EMA20, the three tend to bond, k line in the Bollinger band mid-rail running, Bollinger band opening slightly shrunk; volume has been enlarged overnight, DIF and DEA overlap, the long momentum gradually weakened, continue to pay attention to the volume situation. From the daily level, BTC is currently a short positive line, with a longer shadow below, continuous oscillation in the 60000–64000 range for many days, the upward trend has not been broken, short-term attention to the volume situation and the breakthrough above.
According to data from Huobi Global,ETH is in a small oscillation between 4400–4500, currently in a short-term consolidation phase, testing the support level below, at present, there is strong support near 4400. From the 4h line, the three averages tend to bond, the short-term trend is unclear; K-line in the Bollinger band near the middle rail running, Bollinger band opening slightly shrinking; volume is relatively depressed, DIF under penetrate DEA, the empty potential gradually revealed. From a daily perspective, ETH is currently a short positive line, the upward trend has slowed down significantly, the short-term may enter the consolidation phase, pay attention to the change in volume.
In terms of contracts, the data of Huobi Futures showed that the open interest of BTC futures
remained stable, the volume decrease slightly, and the contract market was relatively inactive. The basis of futures contracts remained stable.
The open interest of ETH futures decreased 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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