Morning Market Report（Dec.30）

BTC continues to bottom overnight, focus on 46000 support below.

According to data from Huobi Global, BTC failed to stand firm at the 47000 support level and continued to bottom overnight. It is now located near 46,600, with a relatively strong support of 46,000 below. From the 4h line, the three averages steeply downward, short head arrangement, the current k line is located in the lower track of the Bollinger band, the Bollinger band opening significantly expanded, the volume of change is not much, the empty side of the potential energy continues. Short-term concern whether stabilization, continue to probe downward probability is greater.

According to data from Huobi Global, ETH retraced more strongly overnight, down 3.5% and now sits near 3650. From the 4h line, EMA5,EMA10,EMA20 are steeply downward, with a short alignment. k line is located below the lower Bollinger band, the Bollinger band opening is greatly expanded; the volume has been enlarged, the short side potential energy is significant. ETH is currently in the downside range, short-term concern whether it can stand stable 3600 support level.

In terms of contracts, the data of Huobi Futures showed that the open interest of BTC futures remained stable, the volume increased significantly, and the contract market was relatively inactive. The basis of futures contracts remained stable.

The open interest of ETH futures rincreased significantly, the volume increased significantly, and the contract market was relatively inactive. The basis of futures contracts remained stable.

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