Morning Market Report (Dec. 15)

BTC breaks 48200 overnight, watch for volume changes

According to data from Huobi Global, BTC broke above 48200 overnight and now sits near 48100. From the 4h line, EMA5 twisted upwards and the Bollinger band opening expanded slightly. From the overall trend, BTC has now effectively stood firm at the 46500 support level, with relatively depressed volume and gradually showing multiparty momentum. From the overall trend, BTC below the 46000 support level is relatively strong, whether it can continue to break through remains to be seen. From the daily level, BTC is currently a negative closing cross, still located in the downward channel, do not rule out the possibility of further retracement.

According to data from Huobi Global, ETH showed tired overnight and is now located in the 3750–3850 range with a small oscillation. From the 4h line, the three averages are gradually leveling off and the Bollinger band opening is expanding slightly; volume is relatively depressed and the short side momentum is slightly dominant at the moment. From the daily line, ETH is currently a short positive line with longer shadows above and below, currently located in the downward channel, and may continue to move downward in the short term.

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