Huobi Research
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Huobi Research

Morning Market Report(Feb.17)

BTC was relatively volatile last night and is concerned about whether it can hold steady at 42,500.

According to data from Huobi Global, BTC last night’s shock amplitude is relatively large, the lowest level touched 43300, and then quickly rebounded, back above 44000, morning a small drop, now located near 43900, long momentum gradually weakened, the trend is relatively weak. From the 4h line, EMA5, EMA10 and EMA20 tend to be parallel; volume fell back, short-term upside momentum is insufficient, concern about 42500 support situation. From the daily level, the overall is now located in the upward channel, the trend is more optimistic.

According to data from Huobi Global, ETH night trend and BTC convergence, back down to 3050 near the rapid recovery, the current 3190 above the pressure is stronger, now located near 3140, below the support level is stronger. From the 4h line, the three averages are aligned, but the trend is slowing down, the long-party momentum is gradually weakening, and the volume change is not obvious. From the daily level, ETH is still located in the upward channel, short-term attention to the bottom support.

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

The open interest of ETH futures remained stable, the volume remained stable, 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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Disclaimer

1. The author of this report and his organization do not have any relationship that affects the objectivity, independence, and fairness of the report with other third parties involved in this report.

2. The information and data cited in this report are from compliance channels. The sources of the information and data are considered reliable by the author, and necessary verifications have been made for their authenticity, accuracy and completeness, but the author makes no guarantee for their authenticity , accuracy or completeness.

3. The content of the report is for reference only, and the facts and opinions in the report do not constitute business, investment and other related recommendations. The author does not assume any responsibility for the losses caused by the use of the contents of this report, unless clearly stipulated by laws and regulations. Readers should not only make business and investment decisions based on this report, nor should they lose their ability to make independent judgments based on this report.

4. The information, opinions and inferences contained in this report only reflect the judgments of the researchers on the date of finalizing this report. In the future, based on industry changes and data and information updates, there is the possibility of updates of opinions and judgments.

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Blockchain industry top think tank, affiliated to Huobi Group.

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Huobi Research

Huobi Research

Blockchain industry top think tank, affiliated to Huobi Group.

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