Evening Market Report September 27
BTC oscillated to the downside during the day, keeping an eye on the breakout of EMA5 and 44200.
According to data from Huobi Global, BTC continued to oscillate downwards after 9am this morning with volume falling back. From the 4H level, the short-term uptrend line failed to provide sustained support and showed a blocking effect in the late afternoon, which can be considered as the end of the short-term strong uptrend. The failure to maintain a strong uptrend is normal due to the slightly steeper angle of this trend line dip. At the same time, there is a gentle downtrend line confirmed since September 24, and it is necessary to keep an eye on its blocking in the coming days, if it can be broken then it may continue to challenge 45000. all 3 EMAs remain upward and in long alignment. Price is above EMA5 most of the time and the uptrend is still likely to continue, while the strength may decrease. The middle rail of the Bollinger band dips slightly, the opening narrows slightly and the K-line basically stays above the middle rail. At the daily level, BTC has seen three consecutive positives, with upper and lower shadows and solid lengths comparable, and the long and short forces are evenly matched. Intraday attention to the continuation of the rising market, attention to the support of the EMA5 and 44200 blocking situation.
According to data from Huobi Global, ETH fluctuated slightly around 3100 today, and trading volume continued to fall. In terms of daily level, ETH is currently a positive line. Looking at the four-hour level, the EMAs are arranged in long positions. Viewed from the Bollinger Bands, the K line is on the upper rail, and the bell mouth trend is parallel. CCI exceeds 100 and enters the overbought zone. Pay attention to the evening risk instructions.
In terms of contracts, the big data of Huobi Futures showed that BTC contract holdings have rebounded, trading volume has decreased slightly, and the contract market is relatively inactive. The basis of delivery contracts dropped slightly.
The ETH contract holdings decreased slightly, the trading volume decreased slightly, and the contract market was relatively inactive. The basis of delivery contracts dropped slightly.
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Disclaimer
Investing in digital assets carries risks and this article does not constitute operational advice.
