Morning Market Report（Mar.23）

BTC rose last night and then traded sideways, focusing on the breakthrough of 43,500.

According to data from the Huobi Global, BTC lifted yesterday, and then moved sideways at a relatively high level with shrinking trading volume. In four-hour level of picture, EMA5, EMA10, EMA20 are in long direction, and since BTC is trading sideways at a relatively high level, it shows that the strength of the long sides is relatively strong, and the Bollinger band is slightly open. In day level of picture, BTC is still generally located within the Bollinger track, focusing on the breakout of 43500 above and the support of 40700 below.

According to data from the Huobi Global, ETH had a certain amount of rise yesterday and had a small retreat last night with shrinking trading volume. In four-hour level of picture, EMA5, EMA10 and EMA20 are in long side direction, the strength of the long sides is strong, although there is a small drop, which is a normal retracement phenomenon. In day level of picture, ETH is still located in the sideways range, pay attention to the breakthrough of 3050 above.

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

The open interest of ETH futures contracts was stable. The volume increased slightly, and the contract market was relatively inactive. The basis of futures contracts decreased slightly.

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