BTC continues to oscillate overnight with strong pressure above 58000.
According to data from Huobi Global, BTC had a small overall oscillation overnight, with a small pull-up in the early morning, but then gradually fell back and is now located near 57000. From the 4h line, EMA5 is located above EMA10 and EMA20, and the three are running almost parallel; the K-line is running near the middle rail of the Bollinger band, and the opening of the Bollinger band is almost unchanged and running parallel; the volume is relatively depressed, and DIF is penetrating DEA, and the difference between the two is not much. At present, the shorts is slightly dominant. From the daily level, BTC is currently a short negative line, with a short shadow above, short-term or a small pullback demand, pay attention to the support situation below 57000.
According to data from Huobi Global, ETH continues to oscillate at a high level overnight and is currently located near 3750. From the 4h line, the K-line is running near the upper rail of the Bollinger band, with a small expansion of the Bollinger band opening and divergence at both ends; the volume is relatively depressed, the DIF continues to be above the DEA, and the longs still prevails, but the momentum decreases. From a daily perspective, ETH is currently a short negative line with strong support below.
In terms of contracts, the data of Huobi Futures showed that the open interest of BTC futures decrease slightly, the volume decreaseed 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 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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