Morning Market Report October 20

BTC broke 64,000 overnight, hitting a six-month high.

According to data from Huobi Global,BTC broke 64,000 overnight, hitting a six-month high. From the 4h line, EMA5 is located above EMA10 and EMA20, the three are multi-headed arrangement, steep upward; K line on the upper rail of the Bollinger band, the Bollinger band opening significantly expanded; volume is enlarged compared with yesterday, DIF on through DEA, both are running upward, the multi-party potential gradually revealed and has the potential to enhance. From the daily level, BTC is currently a short positive, short-term pressure level of 64500, the upward trend is expected to continue to maintain, short-term continue to pay attention to the breakthrough situation.

According to data from Huobi Global, ETH night to early morning oscillation near 3800, the morning small pull up, now close to 3900. from 4h line, K line in the bollinger band between the upper rail and the middle rail running, close to the upper rail of the bollinger band, bollinger band opening almost unchanged; volume is relatively depressed, DIF and DEA intersection, and DIF has the trend of penetrating DEA, more and more short party momentum is not divided. From a daily perspective, ETH is currently a short positive, the trend is relatively smooth, short-term concern about whether to break through 3900.

In terms of contracts, the data of Huobi Futures showed that the open interest of BTC futures increase slightly, the volume increase slightly, and the contract market was relatively active. The basis of futures contracts remained stable.

The open interest of ETH futures remained stable, the volume decrease slightly, and the contract market was relatively inactive. The basis of futures contracts remained stable.

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Disclaimer

Investing in digital assets carries risks and this article does not constitute operational advice.