Evening Market Report（Feb.14）
BTC is shaking sideways, watching for a breakout at 41550 and 42650.
According to data from Huobi Global, BTC is oscillating sideways during the day. Looking at the 4H level K-line, the recent K-line has been stable above 41800 for most of the time, and the downward pressure has eased temporarily. But also need to be vigilant, the last 2 days have appeared 3 sequentially lower price highs and 2 sequentially lower price lows, if the price falls below the support of 41550 can be determined after the downtrend. Daily level, BTC is a small negative today, still in the process of a wave of rebound, EMA20 provides support, there is no clear reversal signal. In the evening, we are concerned about the continuation of the falling market and observe the support of 41550 and the blocking effect of 42650.
According to data from Huobi Global, ETH is oscillating sideways during the day. Looking at the 4H K-line, the short-term trend line and long-term trend line of ETH have been getting closer and closer in recent days, with the K-line obeying the long-term trend line (down) in the early hours of this morning and not being able to bounce effectively again all day today. This indicates that ETH is relatively weak and the main trend of the market is still down.
In terms of contracts, the data of Huobi Futures shows that the open interest of BTC contracts remains unchanged, the contract trading volume drops, and the contract market is relatively inactive. The basis for delivery contracts is stable.
The ETH contract open interest remained unchanged, the contract trading volume fell, and the contract market was relatively inactive. The delivery contract basis remains unchanged.
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