Morning Market Report October 25
BTC stopped falling and stabilized, focus on the breakout of 59,500 and 63,500.
According to data from Huobi Global, BTC had a small shakeout over the weekend with sluggish volume. Looking at the 4h K-line, the price went through a 2-day pullback after making a new high, followed by a 2-day sideways oscillation. Now the price is starting to rise, but it is not yet possible to judge that the price has returned to the uptrend. ema is maintaining a short alignment, ema5 and ema10 are intersecting and about to penetrate, the bollinger band opening is narrowing, and in the morning the price rushed up to the middle rail of the bollinger band, dif and dea are intersecting and about to penetrate. This indicates that the price is starting to stop stabilizing. At the daily level, today’s K-line is a medium-positive line, engulfing yesterday’s decline and returning above the EMA5. The volume has gradually decreased in recent days, indicating that the market is not strongly willing to fight. Day-to-day attention to the continuation of the rising market, pay attention to the support of 59500, if the price falls below this support level, it is likely to enter a short-term downtrend. Concerned about the blocking situation of 63500.
According to data from Huobi Global, ETH oscillated between 3900–4200 over the weekend. From the 4h line, ETH after yesterday’s four consecutive declines, there is now a stop-stabilization phenomenon, with strong support below 3900; K line is located between the upper and middle Bollinger band, the Bollinger band opening slightly narrowed; volume fell slightly over the weekend, DEA is located above the DIF, the empty side potential continues to prevail. From a daily perspective, ETH is currently a short positive, short-term perspective is expected to stabilize 4000, and then continue to focus on the maintenance of the upward trend.
In terms of contracts, the data of Huobi Futures showed that BTC contract open interest rose slightly, contract volume fell slightly, and the contract market was relatively active. The basis of the delivery contract is basically stable.
ETH contract open interest declined slightly, contract volume declined slightly, and the contract market was relatively inactive. The basis of the delivery contract is basically stable.
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Investing in digital assets carries risks and this article does not constitute operational advice.
