Evening Market Report August 12
BTC is moving downward during the day, and there are signs of stopping the decline in the afternoon and focusing on the 45000 support.
According to data from the Huobi Global,BTC fell slightly during the day and showed signs of stopping the fall after lunch, and is now oscillating slightly around 45000. At the four-hour level,the K-line penetrated EMA 5, EMA 10 and EMA 20 during the day, EMA5 crosses EMA10, forming a dead cross, and the three EMAs are trending downward. k-line penetrated the middle rail of the Bollinger band in the evening and approached the lower rail, and the Bollinger band opening narrowed slightly. The DIF continues to sit below the DEA, both of which are positive. the CCI deviates from the 100 line and dives towards the -100 line, the market may move slightly downward and needs to pay attention to the support below. From the daily level, the current BTC is a short negative, basically reverse package yesterday’s gains, below the support is relatively strong, the market is more likely to wander during the day.
According to data from the Huobi Global, ETH fell slightly during the day and stopped falling in the afternoon, converging with BTC’s trend, currently oscillating around 3100.At the four-hour level,the K-line penetrated EMA 5, EMA 10 and EMA 20 during the day, EMA5 crosses EMA10, forming a dead cross, and the three EMAs are trending downward. The K-line is below the middle rail of the Bollinger band, close to the lower rail of the Bollinger band, the opening of the Bollinger band is slightly expanded. the DIF continues to be located below the DEA, both are positive. The volume is relatively depressed, and the market is likely to continue to move sideways and oscillate. From the daily level, ETH is down slightly, with the decline basically reversing yesterday’s gains. Continue to watch for changes in support and volume below in the evening.
In terms of contracts, the data of Huobi Futures showed that the open interest of BTC futures decreased slightly, the volume decreased slightly, and the contract market was relatively inactive. The basis of futures contracts increased slightly.
The open interest of ETH futures contracts decreased slightly, the volume decreased slightly, and the contract market was relatively inactive. The basis of futures contracts increased slightly.
According to data from Huobi Study Club, DeFi TVL remained stable and valued at $102.24 billion, the true locked value remained stable and valued at $77.27 billion. Among them, the top programs have not changed much. Today’s total DeFi trading volume decreased slightly and it is $4.22 billion.
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Huobi Research was founded in April 2016 and started research and explorations in various aspects in the Blockchain area in March 2018. We cover various fields such as Blockchain technology research, industry analysis, application innovation, and economic model explorations. We aim to establish a research platform and to offer theoretical foundations as well as judgments of trends in Blockchain to the public, ultimately promoting the development of the Blockchain industry.
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Disclaimer
Investing in digital assets carries risks and this article does not constitute operational advice.
