Evening Market Report August 10

HTX Research
3 min readAug 10, 2021

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BTC fluctuated sideways during the day, pay attention to changes in trading volume.

According to data from the Huobi Global, BTC fluctuated sideways at 45,800 during the day, and quickly dropped with expanding volume in the evening, but the decline was not significant. In four-hour level of picture, the K line crossed EMA 5 downwards in the day, and continues to stay above EMA 10 and EMA 20, and the three EMAs continue to be flat. The K line continues to be located between the middle track and the upper track of the Bollinger Band, and the opening of the Bollinger Band continues to level off. DIF crossed DEA downwards to form a death cross, both of which are positive. The trading volume is relatively sluggish, and the market may drop slightly. In day level of picture, BTC fell slightly today, but the intraday decline was not large. In the evening, continue to pay attention to the continuation of the shock trend and the breakthrough of 46,200 above and the support of 45,000 below.

According to data from the Huobi Global, ETH traded sideways at 3130 within the day. In four-hour level of picture, the K line basically overlaps with EMA 5 in a day, and continues to stay above EMA 10 and EMA 20, and the three EMAs continue to be flat. The K line continues to be located between the middle track and the upper track of the Bollinger Band, and the opening of the Bollinger Band shrinks slightly. DIF continues to stay below DEA for the day, and both are positive. The trading volume is relatively sluggish. The market may trade sideways for a short time. In day level of picture, ETH declined slightly today, but the intraday decline was not large. In the evening, continue to pay attention to the continuation of the sideways trend and the breakthrough of 3200 above and the support of 3070 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 decreased slightly.

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 decreased slightly.

According to data from Huobi Study Club, today, DeFi TVL remained stable and valued at $100.95 billion, the true locked value remained stable and valued at $76.54 billion. Among them, the top programs have not changed much. Today’s total DeFi trading volume remained stable and valued at $4.68 billion. Among them, Uniswap V3 decreased significantly, reaching 11.17%.

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Disclaimer

Investing in digital assets carries risks and this article does not constitute operational advice.

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HTX Research

Blockchain industry top think tank, affiliated to Huobi Group.