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Huobi Global Market Analysis

2022/03/01 10:15

BTC rose slightly during the day, focusing on the breakthrough of 45000 above.
According to data from the Huobi Global, BTC continued its gains from last night, but the upward trend has slowed down. In four-hour level of picture, the three EMAs are arranged in long side directions, with strong long side potential energy, and the trading volume was relatively sluggish. In day level of picture, BTC has ended the previous head-and-shoulders bottom pattern, and has recently been located in a steep rising channel. It has once again touched the previous high shock range, and the short side resistance has increased. Pay attention to the breakthrough of the previous high of 45,000 and the support of 42,000 below.
According to data from the Huobi Global, ETH traded sideways at a high level within days, digesting the previous gains. In four-hour level of picture, the three EMAs are arranged in long side directions, with strong long side potential energy and relatively sluggish trading volume. In day level of picture, ETH is located in the ascending channel recently, and the short side resistance has increased. Pay attention to the breakthrough of 3000 above and the support of 2840 below.
In terms of contracts, the data of Huobi Futures showed that the open interest of BTC futures remained stable. The volume decreased slightly, and the contract market was relatively inactive. The basis of futures contracts remained stable. The open interest of ETH futures contracts remained stable. The volume decreased slightly, and the contract market was relatively inactive. The basis of futures contracts remained stable.
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DisclaimerThe content above does not represent HTX's positions.HTX does not provide any trading recommendations.

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