Huobi Research
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Huobi Research

Evening Market Report(Feb.10)

BTC rebounded slightly in the day, pay attention to the breakthrough near 45500 above.

According to data from the Huobi Global, BTC rose slightly during the day, and reversed the morning decline. In four-hour level of picture, the three EMAs are arranged in long side directions and tend to be dense; the long side potential energy is strong; the trading volume is relatively sluggish. In day level of picture, BTC has been trading sideways at a relatively high level recently, and is generally at the upper edge of the ascending channel. The price is slightly under pressure, and there may be a callback again. Pay attention to the breakthrough of the previous high of 45500 and the support of 43300 below.

According to data from the Huobi Global, ETH and BTC have similar trends, and the morning decline has been reversed during the day. In four-hour level of picture, the three EMAs are arranged in long side directions, with strong long side potential energy and relatively sluggish trading volume. In day level of picture, ETH is located in the rising channel recently returning to the position of the previous sideways range, paying attention to the breakthrough of 3360 above.

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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Huobi Blockchain Application Research Institute (referred to as “Huobi Research Institute”) was established in April 2016. Since March 2018, it has been committed to comprehensively expanding the research and exploration of various fields of blockchain. As the research object, the research goal is to accelerate the research and development of blockchain technology, promote the application of blockchain industry, and promote the ecological optimization of the blockchain industry. The main research content includes industry trends, technology paths, application innovations in the blockchain field, model exploration, etc. Based on the principles of public welfare, rigor and innovation, Huobi Research Institute will carry out extensive and in-depth cooperation with governments, enterprises, universities and other institutions through various forms to build a research platform covering the complete industrial chain of the blockchain. Industry professionals provide a solid theoretical basis and trend judgments to promote the healthy and sustainable development of the entire blockchain industry.

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