Price of BTC fluctuated sideways during daytime, pay attention to the direction of change after adjustment.

According to data from Huobi Global, the price of BTC fluctuated sideways during daytime, changing directions several times. It is currently near 43500, which is basically the same as the morning price. From the 4-hour K-line, EMA5, EMA10 and EMA20 tend to coincide, moving horizontally, magnitude of adjustment has slowed down, and the pressure above is relatively large. From the daily level, the price has risen several times in the past week, and the trend is relatively stable, but whether it can be maintained is uncertain. In the short term, focus on the direction of price adjustment and the pressure level of 45500 above.

According to data from Huobi Global, the price of ETH adjusted sideways today after dropping slightly last night, which kept the same trend as BTC, and is now at 3110. Judging from the 4-hour K-line, the price drop last night was not large, and it did not break through the support level of 2955 below. The opening of the Bollinger Band was small, the price was relatively stable, and the trading volume was not large. From the daily level, the upward price channel has initially formed, overall trend is stable. In short term, pay attention to the breakthrough of the 3231 position above. 

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

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

Related Articles