Huobi Research
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Huobi Research

Morning Market Report(Mar.10)

After rising last night, BTC fell slightly, focusing on the breakthrough of 45000 above.

According to data from Huobi Global, after BTC rose with expanding trading volume yesterday, it fell slightly, and the trading volume decreased. In four-hour level of picture, EMA5, EMA10, and EMA20 are arranged in long directions, and the Bollinger Bands are still in an open state, and the strength of long sides is relatively strong. In day level of picture, BTC is still in the range of consolidation, and it is necessary to continue to pay attention to the subsequent rise and changes, and pay attention to the breakthrough of 45000 above.

According to the data of Huobi Global, due to the significant rise of BTC yesterday, ETH followed the rise, and then fell slightly. In four-hour level of picture, EMA5, EMA10, and EMA20 are arranged in long directions, and the strength of long sides is relatively strong, returning to the 1/2 position of the previous decline. In day level of picture, ETH is still in the range of consolidation, pay attention to the breakthrough of 2800 above and the support of 2550 below.

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

The open interest of ETH futures contracts was stable. The volume decreased slightly, 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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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.

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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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