Morning Market Report（Jan.26）
BTC moved slightly lower overnight, with stronger pressure above 37,000.
According to data from Huobi Global,BTC continues to oscillate overnight, with strong pressure above 37000, currently located near 36900. From the 4h line, EMA5, EMA10, EMA20, multiple alignment; multi-party momentum continues to be strong; volume amplification after weakening; from the daily level, BTC has still been in the downward channel for a long time, did not form an effective reversal, upward resistance, short-term or will be sideways shock, concern whether effective breakthrough 37000.
According to data from Huobi Global, ETH has continued to oscillate overnight and now sits near 2450. From the 4h line, the three averages almost overlap, the multi-party momentum gradually prevails, the volume slightly enlarged and then weakened, the trend is weak. From the daily level, ETH is located in the downward channel, pay attention to whether the support level of 2340 is effective and the change of 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 increased slightly, the volume remained stable, and the contract market was relatively inactive. The basis of futures contracts remained stable.
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