Huobi Research
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Huobi Research

Evening Market Report(Jan.13)

BTC price adjusts sideways during daytime, still has room to rise.

According to the data of Huobi Global, the price of BTC has been rising continuously since yesterday afternoon. It encountered resistance at 44500 during daytime and adjusted sideways today. The price remained stable as a whole, and is now around 43800. From 4h k-line, the three moving averages are long arranged, the trading volume is falling, the Bollinger Bands opening expands, and the K-line is running near the upper rail of the Bollinger Bands. After the rise meets resistance, the downward adjustment is not large, and then it continues to rise. Energy at long side is more significant, and there is still ample room for growth. From the daily level, BTC has risen for three consecutive days, but the range is limited. There is still a long distance from the 47,500 pressure level above. Pay attention to the magnitude of BTC price increase in the short term.

According to the data of Huobi Global, the price increase of ETH during daytime was blocked and adjusted sideways, and it is now around 3350. Judging from the 4h k-line, the change is very small, and the trading volume is also at a very low level. From the daily level, the price of ETH may turn today, and the price will be under pressure in the short term. In the short term, focus on whether the price can break through the 3410 pressure level above.

In terms of contracts, the data of Huobi Futures showed that the open interest of BTC futures kept 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 remained stable, the volume decreased slightly, and the contract market was relatively inactive. The basis of futures contracts remained stable.

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.