Huobi Research
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Huobi Research

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.

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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