Huobi Research
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Huobi Research

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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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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Huobi Research

Huobi Research


Blockchain industry top think tank, affiliated to Huobi Group.