Huobi Global Market Analysis
2022/03/02 10:46The price of BTC fluctuates slightly during daytime, the change in trading volume is not obvious.
According to the data of Huobi Global, the price of BTC has grown rapidly since the early morning of yesterday. It has exceeded 45,000 this morning, and then encountered resistance and turned around. It is currently in a stage of sideways fluctuating, and is now around 44,000. Judging from the 4-hour K-line, BTC has risen sharply in this round, but it did not last long. The subsequent rebound of the bears was also lacking strength, and sideways adjustments may be continued in the future. The moving averages rose steeply, the opening of the Bollinger Bands expanded significantly, and the trading volume expanded slightly. From the daily level, although BTC has not yet broken through the 46,000 pressure level formed in February, long side is still dominated. Pay attention to whether the BTC price can stand at the 45,000 position, and whether it can break further upwards after the price stabilizes.
According to the data of Huobi Global, the price of ETH has been slightly adjusted sideways today, and has changed direction several times. Judging from the 4-hour K-line, the price of ETH has risen sharply twice a week, long side is temporarily dominant, and the moving averages are lined up. Despite the large price changes, the volume didn’t change much. From the daily level, the price of ETH has risen for five consecutive days, and pay attention to whether there is room for further rise in the short term.
In terms of contracts, the data of Huobi Futures showed that the open interest of BTC futures increased. The volume remained stable, and the contract market was relatively inactive. The basis of futures contracts remained stable. The open interest of ETH futures contracts increased. The volume kept stable, and the contract market was relatively inactive. The basis of futures contracts remained stable.
Disclaimer：The content above does not represent HTX's positions.，HTX does not provide any trading recommendations.。