Evening Market Report August 30
BTC intra-day oscillation, short-term may continue to consolidate.
According to data from Huobi Global, BTC intraday oscillation. The 4h line shows that the BTC intraday oscillation continued from the end of last week. Overall, a line above 47500 range support is still valid, above 49800 resistance is stronger. k line is located between the middle rail and lower rail of the bollinger band, relative to the previous two days of piercing the upper rail breakthrough. Bollinger Road opening narrowed slightly, the volume is relatively depressed. 4h line to see, DIF intraday penetration DEA, the empty energy column slightly enhanced, the market may continue to adjust. From the daily level, BTC is currently a short negative line, when has not yet fallen below the middle rail of the Bollinger band, if the rising pattern further maintain, a new round of stretching or will open, if the fall below the middle rail of the Bollinger band, need to find whether there is strong support below, otherwise the downside channel or will open, for now, the possibility of short-term continued oscillation is greater.
According to data from Huobi Global, ETH intraday oscillation, the trend and BTC highly convergent. 4-hour line look, k line along the EMA5, EMA10, EMA20 three lines running, and they all tend to level. k line is located in the Bollinger band between the middle and lower knee, Bollinger band opening slightly narrowed. Volume is relatively micron, DIF down through DEA, the difference between the two is not large. From a daily perspective, ETH is currently a short positive, the price oscillation range is more similar to yesterday, short-term or will continue to oscillate.
In terms of contracts, the data of Huobi Futures showed that the open interest of BTC futures remained stable, the volume remained stable, 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 decreased slightly and valued at $111.63 billion, the true locked value decreased slightly and valued at $82.91billion. Among them, the top programs have not changed much. Today’s total DeFi trading volume increased slightly and it is $3.48 billion.
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Disclaimer
Investing in digital assets carries risks and this article does not constitute operational advice.
