Huobi Research
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Huobi Research

Evening Market Report(Jan.25)

BTC traded sideways during the day, paying attention to the breakthrough above.

According to data from the Huobi Global, BTC’s rise last night encountered short side resistance near 36800, and it traded sideways at 36300 within a day, and the long side potential energy was relatively weakened. In four-hour level of picture, the K-line continued to be above the three EMAs during the day, and the three EMAs tended to overlap. The K-line is located between the middle track and the upper track of the Bollinger Band, and the Bollinger Band opening continues to flatten. The DIF is consistently above the DEA, both of which are negative. Trading volume was relatively sluggish. CCI is above the 100 line, and the price of BTC is under pressure and may pull back slightly. In day level of picture, BTC rose slightly today. Continue to pay attention to the breakthrough of 36800 above and the support of 35700 below.

According to data from the Huobi Global, ETH traded sideways with shrinking volume at 2390 in the day. In four-hour level of picture, the K-line tends to overlap with EMA 5 and EMA 10 during the day, and continues to stay below EMA 20, and the three EMAs continue to flatten. The K-line is located near the middle track of the Bollinger Bands during the day. The Bollinger Bands opening narrowed slightly. The DIF is consistently above the DEA, both of which are negative. Trading volume was relatively sluggish. ETH may continue to rise slightly. In day level of picture, ETH rose slightly today, basically reversed yesterday’s decline. Continue to pay attention to the breakthrough of 2480 above and the support of 2340 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 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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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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