BTC fell back slightly in the afternoon, focusing on the breakout of 39600 and 38000.

According to data from Huobi Global, BTC rose in the morning, and then fell slightly in the afternoon. From the 4H level K-line, last night BTC temporarily stabilized, and this morning began to rally, forming a "star of enlightenment" pattern. But this star of enlightenment is not in the uptrend, so the strength is limited, the recent price pressure is still large. The price is repeatedly supported above 38000, and 38000 can be considered a weak support level for the time being. Daily level, BTC is a small positive today, the short-term downtrend is more and more obvious. Evening concern about the continuation of the rally market condition, pay attention to the breakthrough of 39600 and 38000.

According to data from Huobi Global, ETH also rose first and then fell slightly. Looking at the 4H K-line, the situation is not good for ETH. the K-line did not touch the downtrend line and immediately turned down, indicating that ETH's 3-month-long downtrend is still continuing and the price will continue to face pressure. The price gained support above 2570, which is the lowest price on February 4 and can be considered a relatively strong support. The support level is close to the trend line and it remains to be seen whether it will continue to work. At the daily level, ETH saw its first positive after 6 consecutive negative days, and short-term downward pressure is still evident.

In terms of contracts, the data of Huobi Futures shows that the open interest of BTC contracts remains unchanged, the contract trading volume drops, and the contract market is relatively inactive. The basis for delivery contracts is stable.

The ETH contract open interest remained unchanged, the contract trading volume fell, and the contract market was relatively inactive. The delivery contract basis remains unchanged.

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