Morning Market Report November 26
BTC rallied overnight and is now oscillating in the 58000–59000 range.
According to data from Huobi Global, BTC rallied overnight, currently located near 58000–59000 oscillation, the pressure above is strong. ema5 up through ema10, ema20, forming a golden cross, bollinger band opening slightly expanded, the volume has fallen back, the current indicators show that the multiple momentum continues to prevail, from the overall trend, the downward trend is expected to slow down, there are now signs of stabilization. From the daily level, BTC is currently a negative closing cross, or into the oscillation range, short-term concern whether to stand firm support level.
According to data from Huobi Global, ETH has moved upwards overnight and now sits around 45000. From the 4h line, EMA5 penetrated EMA10 and EMA20, forming a golden cross, the overall upward trend has been presented; the volume has fallen back, the current multi-party momentum is relatively strong. From the daily line, ETH is now a short positive line, successfully breaking through yesterday’s pressure level, the subsequent change in volume and the breakout above.
In terms of contracts, the data of Huobi Futures showed that the open interest of BTC futures remained stable, the volume decrease significantly, and the contract market was relatively inactive. The basis of futures contracts remained stable.
The open interest of ETH futures remained stable, the volume decrease significantly, and the contract market was relatively inactive. The basis of futures contracts remained stable.
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Huobi Research was founded in April 2016 and started research and explorations in various aspects in Blockchain area since March 2018. We cover various fields such as Blockchain technology research, industry analysis, application innovation and economic model explorations. We aim to establish a research platform and to offer theoretical foundations as well as judgements of trends in Blockchain to the public, ultimately promoting the development of the Blockchain industry.
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Disclaimer
Investing in digital assets carries risks and this article does not constitute operational advice.
