Huobi Research
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Huobi Research

Evening Market Report(Jan.11)

BTC traded sideways during the day, pay attention to changes in trading volume.

According to data from the Huobi Global, BTC traded sideways at 42,000 during the day, and dropped slightly in the evening, but the decline was not significant. In four-hour level of picture, the K-line crossed downward EMA 20 within a day, and crossed downward EMA 10 and EMA 5 in a short period of time. The three EMAs continued to flatten and were densely distributed. The K-line continued to be located between the middle track and the upper track of the Bollinger Bands, and the opening of the Bollinger Bands continued to flatten. DIF continues to stay above DEA, both are negative, with an upward trend. The trading volume is relatively sluggish, and the market may rise slightly. In day level of picture, BTC rose slightly today, basically reversed yesterday’s decline. In the evening, continue to pay attention to the continuation of the sideways trend and the breakthrough of 42800 above and the support of 41000 below.

According to data from the Huobi Global, ETH rose slightly and then traded sideways during the day, currently reaching a maximum of 3146.68 USDT. In four-hour level of picture, the K-line crossed upward EMA 5 and EMA 10 during the day, and continued to be below EMA 20, and the three EMAs tended to converge. The K-line hovered in the middle of the Bollinger Band within days, and the Bollinger Band opening continued to flatten. DIF remained above DEA on the day, both of which were negative. Trading volume was relatively sluggish. The market may rise slightly. In day level of picture, ETH rose slightly today, and basically reversed yesterday’s decline. In the evening, continue to pay attention to the continuation of the sideways trend and the breakthrough of 3200 above and the support of 3000 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 rose slightly.

About us

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.