BTC was relatively volatile last night and is concerned about whether it can hold steady at 42,500.

According to data from Huobi Global, BTC last night's shock amplitude is relatively large, the lowest level touched 43300, and then quickly rebounded, back above 44000, morning a small drop, now located near 43900, long momentum gradually weakened, the trend is relatively weak. From the 4h line, EMA5, EMA10 and EMA20 tend to be parallel; volume fell back, short-term upside momentum is insufficient, concern about 42500 support situation. From the daily level, the overall is now located in the upward channel, the trend is more optimistic.

According to data from Huobi Global, ETH night trend and BTC convergence, back down to 3050 near the rapid recovery, the current 3190 above the pressure is stronger, now located near 3140, below the support level is stronger. From the 4h line, the three averages are aligned, but the trend is slowing down, the long-party momentum is gradually weakening, and the volume change is not obvious. From the daily level, ETH is still located in the upward channel, short-term attention to the bottom support.

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

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

Related Articles