Morning Market Report September 28
BTC fell slightly overnight and is concerned about the validity of the support around 40700.
According to data from Huobi Global, BTC fell slightly overnight and is currently located near 42,000. From the 4h line, the pressure above 45000 is strong, EMA5 penetrates EMA10 and EMA20, forming a dead cross; K line is running near the lower and middle rails of the Bollinger band, and gradually approaching the lower rail, the opening of the Bollinger band is almost unchanged, running parallel horizontally; the volume is relatively depressed, DIF has a tendency to penetrate DEA, the long and short term potentials are not divided, and the short term may be slightly downward. From the daily level, BTC is currently a short negative, short-term support level of 40700, pay attention to the effective situation of the support level.
According to data from Huobi Global, ETH has fallen more overnight and is now down 4.52% and is currently located near 2900. From the 4h line, EMA5 penetrates EMA10 and EMA20, forming a dead cross, and all three EMAs are steeply downward; the k-line penetrates the middle rail of the Bollinger band and gradually runs toward the lower rail of the Bollinger band, and the opening of the Bollinger band is basically unchanged. Volume is relatively depressed, DIF has the potential to penetrate DEA, and the multi-party momentum is gradually engulfed. From a daily perspective, ETH is currently in the negative line, there are signs of stopping the decline, pay attention to whether the support near 2900 is effective.
In terms of contracts, the data of Huobi Futures showed that the open interest of BTC futures remained stable, the volume decreaseed slightly, and the contract market was relatively inactive. The basis of futures contracts remained stable.
The open interest of ETH futures decreaseed slightly, the volume decreased slightly, and the contract market was relatively inactive. The basis of futures contracts remained stable.
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Investing in digital assets carries risks and this article does not constitute operational advice.
