Huobi Research
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Huobi Research

Evening Market Report(Jan.12)

BTC rebounded after falling during the day, pay attention to the breakthrough above.

According to data from the Huobi Global, BTC fell slightly during the day, reaching a minimum of 42,463.61 USDT, and rebounded slightly in the afternoon, but it has not yet exceeded 43,000. In four-hour level of picture, the K-line continued to be above the three EMAs during the day, and the three EMAs maintained an upward trend. The K line continued to be located between the middle track and the upper track of the Bollinger Bands during the day, and the opening of the Bollinger Bands expanded slightly. DIF continues to be above DEA, both are negative, and it is expected to turn from negative to positive tonight. The trading volume is relatively sluggish, the CCI breaks through the 100 line, the price above is slightly under pressure, and the long side energy may be attenuated. In day level of picture, BTC ushered in two consecutive rises. In the evening, continue to pay attention to the breakthrough of 43000 above and the support of 42300 below.

According to data from the Huobi Global, after ETH fell slightly in the day, it rebounded in the afternoon, currently reaching a maximum of 3275.92 USDT. In four-hour level of picture, the K-line continued to be above the three EMAs during the day, and the three EMAs maintained an upward trend. The K line continued to be located between the middle track and the upper track of the Bollinger Bands during the day, and may break above the upper track in the evening. The opening of the Bollinger Bands expanded slightly. DIF remained above DEA on the day, both of which were negative. The trading volume was relatively sluggish, the CCI exceeded the 100 line, and the price above was slightly under pressure. In day level of picture, ETH ushered in two consecutive rises. In the evening, continue to pay attention to the breakthrough of 3300 above and the support of 3200 below.

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.

Contact Huobi Research Institute:
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