Evening Market Report August 18
BTC fluctuates at a low level in the day, and the market may continue to fall.
According to data from Huobi Global, BTC is currently fluctuating at a low level, with strong support near 45,000. Looking at the four-hour level, the candlestick line is located below EMA5, EMA10, and EMA20 on a daily basis, and the three EMAs all show a downward trend. The K-line runs near the lower rail of the Bollinger Band during the day, and is located above the lower rail in the afternoon. The opening of the Bollinger Band expands slightly. The trading volume is relatively sluggish. DIF is always below DEA during the day, and both are negative. CCI is located below the -100 line and has a trend of upward wear. In terms of daily level, the current k-line is a short Yinxian, and there is a downward trend overall, or it will enter the downward space.
According to data from Huobi Global, ETH went down in the day, and the lowest price in the day was 2950USDT, where there is strong support. Looking at the four-hour level, the candlestick line is located below EMA5, EMA10, and EMA20 on a daily basis, and the three EMAs all show a downward trend. The K-line runs near the lower rail of the Bollinger Band during the day and is located above the lower rail in the afternoon. The opening of the Bollinger Band expands slightly. The trading volume is relatively sluggish. DIF is always below DEA during the day, and both are down. The trading volume has increased from yesterday. CCI is located below the -100 line and has a trend of upward wear. In terms of daily level, ETH is currently a short negative line, and there is a downward trend overall, or it will enter the downward space.
In terms of contracts, the data of Huobi Futures showed that the open interest of BTC futures contracts increased slightly, 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 increased slightly, the volume increased slightly, and the contract market was relatively inactive. The basis of futures contracts decreased slightly.
According to data from Huobi Study Club, DeFi TVL decreased slightly and valued at $103.62 billion, the true locked value decreased slightly and valued at $77.47 billion. Among them, the lock-up volume of the top items all declined, and Compound fell by a larger amount, with a drop of 4.02%. Today’s total DeFi transaction volume has increased significantly, reaching $5.52 billion.
About Huobi Research
Huobi Research was founded in April 2016 and started research and explorations in various aspects in Blockchain area since 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 judgements of trends in Blockchain to the public, ultimately promoting the development of the Blockchain industry.
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