Evening Market Report August 13

HTX Research
3 min readAug 13, 2021

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BTC continues to rise during the day and is currently concerned about a breakthrough above 46,000.

According to data from Huobi Global, BTC continues to rise during the day and is currently concerned about a breakthrough above 46,000. From the four-hour level, the k-line crosses EMA5, EMA10, EMA20, and EMA5 crosses EMA10 and EMA20 within a day, forming a golden cross, and the three EMAs show an upward trend. The K-line crossed the middle rail of the Bollinger Band in the afternoon and approached the upper rail. There was no obvious change in the opening of the Bollinger Band. DIF is continuously below DEA, and both are positive. The trading volume is relatively sluggish, DIF continues to be below DEA, and there is a trend of upward wear, both of which are positive. CCI is gradually approaching the 100 line, and the market may break upward. Judging from the daily level, BTC is currently a short-term positive line, and it basically reversed the decline yesterday. The pressure on the upper side is relatively high. It is necessary to pay attention to the subsequent breakthroughs.

According to data from Huobi Global, ETH continues to rise during the day, converging with the trend of BTC, and the highest price in the evening is around 3200. From the four-hour level, the k-line crosses EMA5, EMA10, EMA20, and EMA5 crosses EMA10 and EMA20 within a day, forming a golden cross, and the three EMAs show an upward trend. The K-line is below the middle rail of the Bollinger Band and is close to the lower rail of the Bollinger Band. The opening of the Bollinger Band expands slightly. DIF continues to stay below DEA for the day, and both are positive. The trading volume is relatively sluggish, and the market may continue to fluctuate sideways. In terms of daily level, from the perspective of daily level, the current BTC is a short-term positive line, and the basic turn-off of yesterday’s decline, the pressure on the upper side is relatively high, we need to pay attention to the subsequent breakthroughs.

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 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 increased slightly and valued at $106.20 billion, the true locked value increased slightly and valued at $79.93 billion. Among them, the top programs have not changed much. Today’s total DeFi trading volume decreased slightly and it is $3.95 billion.

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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
HTX Research

Written by HTX Research

Blockchain industry top think tank, affiliated to Huobi Group.

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