Huobi Research
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Huobi Research

Morning Market Report(Dec.28)

BTC’s upside was blocked overnight, focus on 49500 support below.

According to data from Huobi Global, BTC failed to effectively break through 52000, the pressure above is strong. ema5 twisted down, there is a downward trend through the ema10, the current k line is located in the bollinger band between the middle and lower rail, bollinger band opening almost unchanged, the volume of change is not much; from the overall trend, BTC is in the horizontal finishing range, the empty side of the potential gradually revealed. From the daily level, BTC is currently a short negative, not yet completely out of the downside channel out of the concern whether to stand stable 49500 support level.

According to data from Huobi Global, ETH pulled back overnight and is now down below 4000. from the 4h line, EMA5 twisted down and penetrated EMA10, EMA20, the k-line is located below the lower Bollinger band, the Bollinger band opening is slightly expanded; the volume is relatively depressed, the short-side momentum is gradually revealed. From a daily perspective, the 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 increased 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 increased significantly, and the contract market was relatively inactive. The basis of futures contracts remained stable.

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.

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Huobi Research

Huobi Research

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Blockchain industry top think tank, affiliated to Huobi Group.