BTC price remained stable during daytime, with strong support below

According to the data of Huobi Global, BTC started to drop in the evening of yesterday, and it reached a minimum of around 41,500 this morning. After that, it was blocked and turned, and it has now slightly rebounded to around 42,000. Judging from the 4-hour line, last night's downward adjustment was weak and the duration was short, and yesterday's price reached the highest level of 43500, breaking through the previously formed pressure level. On the whole, the long side is dominant, and the price may continue to rise slightly later. Trading volumes returned to normal levels today. From the daily level, BTC has formed a relatively stable upward channel for more than a week, and the price will continue to break through in the short term.

According to data from Huobi Global, the price of ETH remained stable during daytime, with the same trend as the price of BTC, currently around 2950. Judging from the 4-hour K-line, each moving average is running almost horizontally. The price fluctuated frequently, but was in a rising stage as a whole. The strength of long side is strong, and the trading volume remains stable today. From the daily level, it is likely to rise after the sideways adjustment. Pay attention to the breakthrough of 3050 above.

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

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

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