Evening Market Report（Mar.22）

BTC continued to rise during the day, pay attention to the breakthrough of 43500 above.

According to data from the Huobi Global, BTC continued to rise with expanding volume during the day. In four-hour level of picture, the three EMAs are arranged in long side direction, the long side potential energy is strong, and the trading volume is slightly enlarged. In day level of picture, after BTC traded sideways at 41000 for a short period of time, the long side made efforts to lift it up, and encountered a slight correction from the short side resistance near 43400. In the evening, the long side may try to break again, paying attention to the breakthrough of 43500 above and the support of 40700 below.

According to data from the Huobi Global, ETH continued to rise with expanding volume during the day, hitting a recent new high, and then trading sideways for a short time. In four-hour level of picture, the three EMAs are arranged in long side direction, with strong long side potential energy and relatively sluggish trading volume. In day level of picture, ETH has continued to stay in a steep ascending channel recently, pay attention to the breakthrough of 3050 above and the support of 2900 below.

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

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