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Huobi Global Market Analysis

2022/03/02 03:21

BTC rose slightly with sluggish trading volume last night, focusing on the breakthrough of 45000 above.
According to data from the Huobi Global, BTC rose slightly last night, but the trading volume did not enlarge significantly. In four-hour level of picture, the k lines were located in the Bollinger band, and the upward trend has slowed down. It is within the previous shock range. In day level of picture, BTC has ended the previous head-and-shoulders bottom pattern, and has recently been approached the previous resistance position at 45000. It may once again start the shock stage. 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 last night, with sluggish trading volume. In four-hour level of picture, it has returned to the 3/4 position of previous decrease, but the strength of the long sides has weakened. The trading volume was sluggish. In day level of picture, ETH is located at the middle position of previous shock range and the strength of long sides are relatively weak. Pay attention to the breakthrough of 3100 above and the support of 2800 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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