Huobi Research
Published in

Huobi Research

Evening Market Report(Jan.20)

BTC fell back after a small increase during daytime, continued adjusting sideways.

According to the data of Huobi Global, BTC stopped falling during daytime and increased slightly. It is now around 42,000, and the pressure above 42,700 is relatively high. From the 4h K-line, the moving averages overlap again, and long and short potential energy are comparable. The price trend has been adjusting sideways since the 18th, and the trading volume is low; the opening of Bollinger Bands has shrunk slightly, although DIF crossed DEA upward, but the price increase was not obvious, and soon encountered resistance at 42150. From the daily level, BTC has been oscillating around 41000–43000 for a long time, and may continue to fluctuate slightly in the short term, but it has not yet left the downward range. pay attention to whether the price will decrease again in the short term.

According to the data of Huobi Global, ETH continued to fluctuate sideways during daytime, changing directions several times, generally converging with the trend of BTC, and it is now around 3125. From the 4h K-line, the three moving averages gradually turned horizontal, the price was in a sideways adjustment stage for a long time, the opening of the Bollinger Bands narrowed slightly, the short potential energy weakened slightly, and the trading volume was small. From the daily level, ETH is located in a downward channel, and may continue to decline after the sideways adjustment. In the short term, pay attention to magnitude of changes in price and trading volume.

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

The open interest of ETH futures increased slightly, the volume remained stable, 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:
Consulting email:
Official website:
Twitter: @Huobi_Research


1. The author of this report and his organization do not have any relationship that affects the objectivity, independence, and fairness of the report with other third parties involved in this report.

2. The information and data cited in this report are from compliance channels. The sources of the information and data are considered reliable by the author, and necessary verifications have been made for their authenticity, accuracy and completeness, but the author makes no guarantee for their authenticity , accuracy or completeness.

3. The content of the report is for reference only, and the facts and opinions in the report do not constitute business, investment and other related recommendations. The author does not assume any responsibility for the losses caused by the use of the contents of this report, unless clearly stipulated by laws and regulations. Readers should not only make business and investment decisions based on this report, nor should they lose their ability to make independent judgments based on this report.

4. The information, opinions and inferences contained in this report only reflect the judgments of the researchers on the date of finalizing this report. In the future, based on industry changes and data and information updates, there is the possibility of updates of opinions and judgments.

5. The copyright of this report is only owned by Huobi Blockchain Research Institute. If you need to quote the content of this report, please indicate the source. If you need a large amount of reference, please inform in advance (see “About Huobi Blockchain Research Institute” for contact information), and use it within the allowed scope. Under no circumstances shall this report be quoted, deleted or modified contrary to the original intent.



Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Huobi Research

Huobi Research


Blockchain industry top think tank, affiliated to Huobi Group.