Morning Market Report September 10
BTC continues to oscillate overnight, watching to see if it can hold steady at the 44500 support level.
According to data from Huobi Global, Looking at the 4h line, BTC continues to oscillate in the evening, running near EMA5 with strong support near 44500 below. The K-line is now running between the lower and middle Bollinger band, gradually approaching the middle Bollinger band, and the Bollinger band opening is slightly shrinking. The volume is relatively sluggish, the DIF penetrates the DEA, the multi-party momentum is gradually revealed, the short-term stability of the support level, or a small rise in the market. From a daily perspective, BTC is currently a long shadow, short entity of the negative line, long and short power game balance, combined with MACD, the energy column from negative to positive values, multi-party momentum is relatively dominant, short-term attention to stabilization can be upward breakthrough.
According to data from Huobi Global, ETH trend converged with BTC during the night and continued to oscillate. From the 4h line, the three averages are gradually converging and leveling off. k-line is running near the middle rail of the Bollinger band, and the opening of the Bollinger band is slightly shrinking. The volume is relatively depressed, DIF penetrated DEA. from the daily line, ETH is currently a short negative line, the upper and lower have a short shadow, long and short game balance, continue to pay attention to the effective situation of the support below and the subsequent volume situation.
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 decreaseed slightly, the volume decreased slightly, and the contract market was relatively inactive. The basis of futures contracts remained stable.
About Huobi Research
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.
Investing in digital assets carries risks and this article does not constitute operational advice.