Evening Market Report（Mar.18）
BTC continues its slow downtrend with little price change.
According to the data of Huobi Global, the price of BTC continued the trend of last night, and continued to decline slowly, changing its direction multiple times, now it is around 40500. From the 4-hour K-line, the three EMAs run horizontally, the price has stabilized as a whole recently. DIF is about to cross DEA, but the direction of price changes is not obvious. From the daily level, BTC has been in a sideways adjustment stage for two days, and the price level is the same as before. Pay attention to the breakthrough of 41500 above and the support of 40000 below.
According to the data of Huobi Global, the price of ETH turned around at 2761, and now it has risen to around 2810, and the trading volume is at a normal level. Judging from the 4-hour K-line, the downward energy of ETH in last round is not large, and the duration is also short. Long side is temporarily dominant, and the price may further increase. EMA lines are arranged upward, and the opening of the Bollinger Bands shrinks slightly. From the daily level, the upward trend of ETH has slowed down, and there may be an inflection point. Pay attention to the breakthrough of 2840 above.
In terms of contracts, the data of Huobi Futures showed that the open interest of BTC futures decreased slightly. The volume kept stable, 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.
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