Huobi Research
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Huobi Research

Morning Market Report(Dec.23)

BTC retraced overnight, watch for support below.

According to data from Huobi Global, The EMA5 twists down and has the potential to penetrate the EMA10, the k-line is currently located in the middle of the Bollinger band, the Bollinger band opening is slightly expanded, the volume is relatively depressed; from the overall trend, BTC is in a sideways finishing range, the multi-party momentum is gradually weakening. From the daily level, BTC is currently a short negative line, still located in the downward channel, pay attention to whether it can stand stable below the support level.

According to data from Huobi Global, ETH retraced overnight and is now stable around 3950. From the 4h line, EMA5 twisted down, k line is located near the middle of the Bollinger band, the Bollinger band opening slightly expanded; volume is relatively depressed, the multi-party momentum gradually weakened. From the daily line, ETH is currently a short positive line, currently in the oscillation range, short-term attention to stand stable 3900 support level.

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 remained stable, the volume decreased significantly, and the contract market was relatively inactive. The basis of futures contracts remained stable.

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Huobi Research

Huobi Research

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Blockchain industry top think tank, affiliated to Huobi Group.