Morning Market Report September 27
BTC pulls up after sideways shakeout, watch for breakout of EMA5 and 45000.
According to data from Huobi Global, BTC oscillated sideways in the evening and overnight, then started to pull up this morning, reaching a high of 44,531.82 USDT, with volume remaining low. Today’s high and low prices are both higher than yesterday’s and are expected to start a new uptrend. 3 EMAs are staying up and adjusting into a long alignment, and the price rally is staying strong. The middle rail of the Bollinger band tilted slightly downward, the opening narrowed slightly, the K-line basically stayed above the middle rail, and the probability of the price starting to move upward increased. At the daily level, BTC has seen three consecutive positive days and has broken through the EMA5. The intra-day focus is on the continuation of the upward movement, the support of the EMA5 and the blocking of 45000.
According to data from Huobi Global, the price of ETH rebounded last night and the trading volume declined. In terms of daily level, ETH is currently short-term. Looking at the four-hour level, the EMAs are arranged in long positions. Viewed from the Bollinger Bands, the K-line is located on the lower rail, and the bell mouth trend is tightening. DIF crossed DEA to form a golden cross, the price began to strengthen, and the bullish momentum was strong. In the afternoon, continue to pay attention to the changes in trading volume and the upward trend of Ether.
In terms of contracts, the data of Huobi Futures showed that BTC contract open interest has rebounded, trading volume has decreased slightly, and the contract market is relatively inactive. The basis of delivery contracts dropped slightly.
ETH contract holdings increased slightly, trading volume decreased slightly, and the contract market was relatively inactive. The basis of the delivery contract changed slightly.
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Disclaimer
Investing in digital assets carries risks and this article does not constitute operational advice.
