Huobi Research
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Huobi Research

Evening Market Report(Jan.14)

BTC fell after rising during the day, pay attention to the support below.

According to data from the Huobi Global, after BTC experienced a fall last night, it got short-term support at 42,500 within days, and began to fall again in the afternoon. In four-hour level of picture, the K-line continued to be below the three EMAs during the day, and the three EMAs maintained a downward trend. The K-line continued to be located between the middle and lower tracks of the Bollinger Bands during the day, and the opening of the Bollinger Bands continued to flatten. The DIF continues to trade below the DEA, both of which are positive. The trading volume is relatively sluggish, and BTC may continue to fall for a while. In day level of picture, BTC ushered in two consecutive decreases. In the evening, continue to pay attention to the breakthrough of 43,000 above and the support of 42,000 below.

According to data from the Huobi Global, after ETH rose slightly during the day, it began to fall again in the afternoon. In four-hour level of picture, the K-line continued to be below EMA 5 and EMA 10 during the day, and the downward slope of the three EMAs slowed down. The K line is located near the middle track of the Bollinger Bands during the day. The opening of the Bollinger Bands narrowed slightly. DIF crossed DEA on the day, both of which are positive. Trading volume was relatively sluggish. ETH may continue to decline slightly. In day level of picture, ETH ushered in two consecutive decreases. In the evening, continue to pay attention to the breakthrough of 3300 above and the support of 3210 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.

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Huobi Research

Huobi Research

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Blockchain industry top think tank, affiliated to Huobi Group.