Evening Market Report October 14
BTC is slightly shaken in the afternoon, with strong support below 57200.
According to data from Huobi Global, BTC oscillated slightly in the late afternoon and evening, and is now located near 57,500. From the 4h line, EMA5 penetrated EMA10 and EMA20, forming a golden cross; the K-line is running between the middle and upper Bollinger band, the Bollinger band opening is almost unchanged, running slowly upward; the volume is relatively down, DIF penetrated DEA, and now, the longs is gradually revealed. From the daily level, BTC is currently in the positive, upward momentum is relatively strong, has reversed the first two days of decline, short-term concern after the shock can continue to break through the recent new highs.
According to data from Huobi Global, ETH is oscillating at a high level after the afternoon and is currently located near 3650. From the 4h line, EMA5 penetrated EMA10 and EMA20, forming a golden cross; k line is running near the upper rail of the Bollinger band, and the opening of the Bollinger band has expanded significantly; the volume rose slightly compared to yesterday, DIF penetrated DEA, and the gap between the two widened, and the longs is relatively strong. From a daily perspective, ETH today rose by as much as 4.53%, if it continues to hold, the short-term shock market may be over.
In terms of contracts, the data of Huobi Futures showed that the open interest of BTC futures increase slightly, the volume decreaseed slightly, and the contract market was relatively inactive. The basis of futures contracts remained stable.
The open interest of ETH futures decrease slightly, the volume remained stable, and the contract market was relatively inactive. The basis of futures contracts remained stable.
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Investing in digital assets carries risks and this article does not constitute operational advice.
