Morning Market Report October 15

HTX Research
2 min readOct 15, 2021

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BTC continues to oscillate overnight with strong pressure above 58000.

According to data from Huobi Global, BTC had a small overall oscillation overnight, with a small pull-up in the early morning, but then gradually fell back and is now located near 57000. From the 4h line, EMA5 is located above EMA10 and EMA20, and the three are running almost parallel; the K-line is running near the middle rail of the Bollinger band, and the opening of the Bollinger band is almost unchanged and running parallel; the volume is relatively depressed, and DIF is penetrating DEA, and the difference between the two is not much. At present, the shorts is slightly dominant. From the daily level, BTC is currently a short negative line, with a short shadow above, short-term or a small pullback demand, pay attention to the support situation below 57000.

According to data from Huobi Global, ETH continues to oscillate at a high level overnight and is currently located near 3750. From the 4h line, the K-line is running near the upper rail of the Bollinger band, with a small expansion of the Bollinger band opening and divergence at both ends; the volume is relatively depressed, the DIF continues to be above the DEA, and the longs still prevails, but the momentum decreases. From a daily perspective, ETH is currently a short negative line with strong support below.

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

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Disclaimer

Investing in digital assets carries risks and this article does not constitute operational advice.

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HTX Research
HTX Research

Written by HTX Research

Blockchain industry top think tank, affiliated to Huobi Group.

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