Morning Market Report October 13
BTC pinned to 53900 during the night, pay attention to whether the support below is valid.
According to data from Huobi Global, BTC pinned to 53900 in the early morning, then gradually rallied and is now located near 56200. From the 4h line, EMA5, EMA10, EMA20 almost parallel running; K-line in the Bollinger band in the middle track running, Bollinger band opening almost unchanged, slowly running upward; volume in last night has risen, DIF under penetration DEA, at present, the shorts did not continue to maintain. From the daily level, BTC is currently forming a negative T-junction, the support below is relatively strong, the upward trend continues to maintain, attention to the shock can effectively break through the support level.
According to data from Huobi Global, ETH has been oscillating slightly overnight and is currently located near 3490. From the 4h line, EMA5 is located below EMA10 and EMA20, and the three are running almost parallel; the k-line is running between the middle and lower rails of the Bollinger band, and close to the trend of the middle rail, the opening of the Bollinger band is almost unchanged, slowly moving downward; the volume has risen overnight, DIF continues to be located below DEA, the gap between the two is not much changed, and the shorts maybe continues. From a daily perspective, ETH is forming a negative T-junction, oscillating slightly for many days, the volume is relatively depressed, or will continue to move downward.
In terms of contracts, the data of Huobi Futures showed that the open interest of BTC futures increase slightly, the volume increaseed significantly, and the contract market was relatively active. The basis of futures contracts remained stable.
The open interest of ETH futures decrease slightly, the volume decrease 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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