BTC fell slightly overnight, pay attention to whether the bottom can stand stable support level 53500.
According to data from Huobi Global, BTC fell slightly overnight and is now located near 53800. From the 4h line, the pressure above 56000 is stronger, EMA5 is located above EMA10, EMA20, the three almost parallel running; K line in gradually downward to the middle rail of the Bollinger band, Bollinger band opening small expansion, parallel running; volume is relatively depressed, DIF down through DEA, the gap between the two widened, the empty side potential gradually revealed. From the daily level, BTC is currently a short negative line, which is a normal retracement, the upward trend did not break, short-term concern about whether the support level can be stabilized, if the support level is stabilized, after consolidation or will continue to move up.
According to data from Huobi Global, ETH is moving downwards overnight and is currently located near 3550. From the 4h line, EMA5 has a tendency to go down, EMA10 and EMA20 are running almost parallel; k-line down to near the middle of the Bollinger band, the Bollinger band opening is almost unchanged and running parallel; DIF is located below DEA, the gap is currently widened and the empty side potential prevails. From a daily perspective, the ETH is currently a short negative line, which is a normal retracement. In the short term, it has now stabilized at 3500, and the upward trend has not been broken.
In terms of contracts, the data of Huobi Futures showed that the open interest of BTC futures decreaseed 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 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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