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The price of BTC fluctuated during daytime, and kept at the same level as morning

Huobi Global

Summary: According to data from Huobi Global, BTC fluctuated during daytime, but the current price level is the same as in the morning, around 43500. From the 4-hour K-line, EMA lines  are basically flat. In the morning, BTC fell to the 42500 position and was blocked. It rebounded slightly during daytime. After that, it may continue ...

According to data from Huobi Global, BTC fluctuated during daytime, but the current price level is the same as in the morning, around 43500. From the 4-hour K-line, EMA lines  are basically flat. In the morning, BTC fell to the 42500 position and was blocked. It rebounded slightly during daytime. After that, it may continue to decrease slightly, and the trading volume rebounded slightly. From the daily level, BTC has turned downward today, but the magnitude is not large. In short term, pay attention to whether the support at the 42500 position below is effective. 

According to the data of Huobi Global, after a decrease last night, ETH rebounded during daytime. It is now around 3085, and the support below 3000 is relatively strong. Judging from the 4-hour K-line, today's trading volume has risen, with price had a larger fluctuations, and the future direction is not clear. In the future, pay attention to whether the support at the 3000 position is really effective. From the daily level, ETH is still in the upward channel, but today there is a pullback and the momentum has slowed down. 

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

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

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