Evening Market Report（Mar.16）
BTC rose and fell during the day, pay attention to the support of 37800 below.
According to the data of Huobi Global, BTC continued to move sideways in general, and the trading volume did not increase significantly. In four-hour level of picture, EMA5, EMA10, and EMA20 gradually formed a golden cross, but the increase was very small. Today, it rose and fell to form a negative k-line with a longer upper lead, indicating that the short sides have the stronger strength, but it still moved sideways around 39000. In day level of picture, BTC is still in a low consolidation range, focusing on the breakthrough of 41000 above and the support of 37800 below.
According to the data of Huobi Global, ETH rose slightly during the day, and the trading volume expanded slightly. In four-hour level of picture, EMA5, EMA10, and EMA20 form a golden cross, and Bollinger band has signs of a small opening. Similar to BTC, it rose and fell within four hours to form a positive k-line, indicating that the strength of the long sides is relatively strong. In day level of picture, ETH is generally in the low consolidation range, pay attention to the breakthrough of 2700 above and the support of 2460 below.
In terms of contracts, the data of Huobi Futures showed that the open interest of BTC futures was stable. The volume decreased slightly, and the contract market was relatively inactive. The basis of futures contracts increased slightly.
The open interest of ETH futures contracts was stable. The volume decreased slightly, and the contract market was relatively inactive. The basis of futures contracts increased slightly.
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