Huobi Research
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Huobi Research

Morning Market Report(Mar.22)

BTC last night moved sideways with shrinking trading volume, pay attention to the breakthrough of 42800 above.

According to data from the Huobi Global, BTC continued to trade sideways at 41200 last night, with no significant volume amplification. In four-hour level of picture, the three EMAs tend to be horizontal, the Bollinger band opening is narrower, the volume continues to be depressed, and the range of BTC’s sideways trading in the past few days is not large, and the strength of both the long and short sides is evenly matched. In day level of picture, BTC is still in a sideways finishing range, focusing on the breakthrough above 42800 and the support below 40000.

According to data from the Huobi Global, ETH rose last night and then pulled back slightly, and the volume did not enlarge significantly. In four-hour level of picture, the ETH price downgrade in this round is not large and short. Although there is a small pullback after the rise, the strength of long sides still prevails. In day level of picture, ETH last round of ETH price rise high reached 3010 position, did not really form a breakthrough, pay attention to the breakthrough of 3050 above.

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

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