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Huobi Global Market Analysis

2022/03/03 01:55

BTC moved horizontally with sluggish trading volume last night, focusing on the breakthrough of 45000 above.
According to data from the Huobi Global, BTC moved horizontally around 44,000 last night, but the trading volume did not enlarge significantly. In four-hour level of picture, the shock range is near the previous beginning decline point. It showed that the strength of short side is relatively strong at 45,000 and the resistance is relatively strong. In day level of picture, the range of the k line in the Bollinger band is gradually narrowed. BTC may 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 declined slightly last night, with sluggish trading volume. In four-hour level of picture, previous rise trend has slowed down. The strength of long sides gradually weakened and there may be a new shock range. 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 2,800 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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