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Huobi Global Market Analysis

2022/03/03 09:48

BTC fell slightly within the day, pay attention to the support of 43000 below.
According to data from the Huobi Global, BTC fell slightly within the day and was supported at 43200. 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 is generally fluctuating sideways at a high level, with strong short side resistance near 45000 at the upper edge of the sideways range. It failed to break through in the early stage, or it may fluctuate sideways again for a period of time. Pay attention to the breakthrough of the previous high of 45,000 and the support of 43,000 below.
According to data from the Huobi Global, ETH fell slightly during the day. In four-hour level of picture, the three EMAs tend to overlap, the power of the long and short sides is balanced, and the trading volume is relatively sluggish. In day level of picture, ETH is located in the descending channel recently, and basically reversed the previous increase. Pay attention to the breakthrough of 3000 above and the support of 2830 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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