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Huobi Global Market Analysis

2022/03/08 02:35

BTC rebounded after falling last night, pay attention to the support of 37,000 below.
According to data from the Huobi Global, BTC found support around 37,200 after a rapid decline last night, and then rose slightly. In four-hour level of picture, the three EMAs are arranged in short side, the short side has strong potential energy, and the trading volume is relatively sluggish. In day level of picture, BTC has recently ended its downward trend, returned to the previous shock range, and started to fluctuate at a low level. Pay attention to the breakthrough of 39,600 above and the support of 37,000 below.
According to data from the Huobi Global, the trend of ETH and BTC is similar, and the downtrend is supported at 2,450. In four-hour level of picture, the three EMAs are arranged in short side. The short side has strong potential energy, and the trading volume is relatively sluggish. In day level of picture, ETH has fluctuated at a low level recently, and the fluctuation range is relatively large. Pay attention to the breakthrough of 2,620 above and the support of 2,450 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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