Huobi Research
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Huobi Research

Evening Market Report(Jan.18)

BTC continued to fall within the day, falling below the 42000 integer mark.

According to data from the Huobi Global, BTC continued the decline from last night, and it is currently as low as 41723.02USDT, which fell below the 42000 support level. 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 crossed the lower track of the Bollinger Bands for a short time in a day, and the opening of the Bollinger Bands expanded slightly. DIF continues to trade below DEA, both negative. Trading volume was relatively sluggish. CCI is below the -100 line, and BTC may rebound. In day level of picture, BTC ushered in three consecutive decreases. In the evening, continue to pay attention to the breakthrough of 42,000 above and the support of 41,000 below.

According to data from the Huobi Global, ETH fell slightly within the day, and it is currently as low as 3128.59 USDT. 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 crossed the lower track of the Bollinger Band in a short period of time. The opening of the Bollinger Bands widened slightly. DIF continued to stay below DEA on the day, both of which were negative. Trading volume was relatively sluggish. CCI is below the -100 line, and ETH may rebound. In day level of picture, ETH ushered in three consecutive decreases. In the evening, continue to pay attention to the breakthrough of 3240 above and the support of 3100 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 decreased slightly. 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.

Contact Huobi Research Institute:
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Blockchain industry top think tank, affiliated to Huobi Group.

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Huobi Research

Huobi Research

Blockchain industry top think tank, affiliated to Huobi Group.

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