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.
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