Huobi Research
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Huobi Research

Morning Market Report(Jan.25)

BTC rallied strongly overnight, with strong support below at 33,000.

According to data from Huobi Global, BTC rallied strongly overnight, with strong support below 33000, currently located near 36000. From the 4h line, EMA5, twist head up through EMA10, EMA20, multi-party momentum is unprecedentedly strong; volume amplification after weakening. From the daily level, BTC is still in the downside channel, the upside resistance is higher, short-term concern whether it can effectively break through 37000.

According to data from Huobi Global, ETH rallied more strongly overnight, reaching a high of 2440. It has fallen back in the morning and now sits near 3400. From the 4h line, the three averages tend to be parallel, the Bollinger band opening narrowed significantly, the multiparty momentum rose sharply, the volume slightly enlarged and then weakened, the upward momentum was not effectively maintained. From the daily level, ETH is located in the downside channel, pay attention to the validity of the support level and the change of the volume.

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

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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


Blockchain industry top think tank, affiliated to Huobi Group.