Huobi Research
Published in

Huobi Research

Evening Market Report(Mar.14)

BTC price rebounded during daytime, with strong support below.

According to data from Huobi Global, after BTC fell to the lowest level of 37,500 this morning, it rebounded to around 39,000 during daytime today, the same position as before the fall, with strong support below. Judging from the 4-hour K-line, today’s decline didn’t last for long period. It did not break through the support level of 37000 below, and the trading volume did not drop significantly. The price is still in the stage of sideways adjustment. Pay attention to the price direction in the short term. From the daily level, the price of BTC has remained stable for four consecutive days, and the follow-up changes are not yet clear. The trend may continue to rebound in the short term, and pay attention to the price range.

According to data from Huobi Global, the price of ETH has rebounded, following the same trend as BTC, and is now at 2600. From the 4-hour K-line, the EMA line turned upward, and the DIF crossed the DEA. The long side potential was temporarily dominant, and the trading volume did not change much. The price returned to the level three days ago, and has a further upward trend, pay attention to the pressure level of 2680 above. Judging from the daily level, the price kept stable in recent days, and its direction of change is still unclear. Pay attention to the magnitude of price change.

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

The open interest of ETH futures contracts increased. The volume decreased slightly, and the contract market was relatively inactive. The basis of futures contracts rose slightly.

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