Morning Market Report（Jan.27）
BTC is volatile overnight, watch for support below around 36,000.
According to data from Huobi Global,BTC was volatile overnight, touching 38900 above before falling back sharply and now sits near 36500. From the 4h line, EMA5 has a tendency to go down through EMA10 and EMA20; the multi-party momentum is starting to weaken; the volume is back after enlarging. From the daily level, BTC upside resistance is large, short-term attention to whether it can effectively stand stable near the support level of 36000.
According to data from Huobi Global, ETH night trend and BTC convergence, above touch 2724 after a rapid fall, now located near 200. From the 4h line, the three averages almost overlap, the multi-party momentum gradually weakened, the volume slightly enlarged and then weakened, the upside strength is obviously insufficient. From the daily level, ETH is located in the downside channel, pay attention to whether the support level of 2340 is effective and the change in 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 increased significantly, and the contract market was relatively inactive. The basis of futures contracts remained stable.
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