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Huobi Global Market Analysis

2022/03/09 13:37

BTC rose steeply during daytime today, with an increase of more than 9%.
According to the data of Huobi Global, due to the good news of the regulatory, the price of BTC has risen all the way during daytime today, rising steeply from the 38,000 position by more than 9%, and is now at the 42,000 position, and the trading volume has increased slightly. Judging from the 4-hour K-line, the price of BTC rose by nearly 4,000 in four hours after the statement of U.S. Treasury Secretary Yellen this morning. The opening of the Bollinger Bands has expanded significantly, and the moving averages are long arranged. From the daily level, today's rise is mainly affected by macro signals. In the follow-up, it is necessary to further track the price changes and pay attention to the pressure level of the 45000 position above.
According to the data of Huobi Global, ETH and BTC have similar trends, and have risen sharply during daytime today, and are now around 2755. Judging from the 4-hour K-line, although the price change is significant, the trading volume has not been enlarged violently. EMA5, EMA10, and EMA20 are in a long arrangement, and the downtrend is temporarily blocked. From the daily level, today's price rise is greatly affected by the macro. Whether it can stand firm remains to be seen. Pay attention to the breakthrough of 2900 above and the support of 2450 below.
In terms of contracts, the data of Huobi Futures showed that the open interest of BTC futures increased slightly. The volume increased 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 increased 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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