Evening Market Report August 31
BTC is shaking at a low level in the evening, with strong support below at 46700.
According to data from Huobi Global, after the price decline in the morning, BTC currently in the low shock, the suppor around 46700 is relatively effective. From the 4h line, k-line running near the EMA5, three averages trend is flat, the upper resistance is strong, K-line through the Bollinger band lower rail, gradually to the Bollinger band near the middle rail, Bollinger band opening size no significant change. Volume changes little, DIF and DEA continue to move downward, DIF continues to be located below DEA, both negative, the gap between the two gradually narrowed, the game of bull and bear is difficult to distinguish winners and losers. From the daily level, BTC is currently a short negative, running near the middle of the Bollinger band, has been a long time horizontal finishing, the market may continue in 46000–49000 do range oscillation, if the market continues to be inactive, it may come to fall, keep paying attention on the bottom support.
According to data from Huobi Global, ETH rose as much as 3.71% during the day, peaking at 3372.40 USDT. From the 4h line, the k-line penetrated EMA5, EMA10 and EMA20, and the averages indicating the strong long momentum. k-line is running above the upper Bollinger band, with a small expansion of the Bollinger band opening. Volume is enlarged compared to yesterday, DIF is penetrating DEA, both steeply upward and both positive. From a daily perspective, ETH is currently mid-positive and standing steady on the middle rail of the Bollinger band. Short-term continue to pay attention to the breakthrough above 3400, if the breakthrough pressure, the upward channel may return.
In terms of contracts, the data of Huobi Futures showed that the open interest of BTC futures
remained stable, the volume increased slightly, and the contract market was relatively inactive. The basis of futures contracts remained stable.
The open interest of ETH futures increased significantly, the volume increased significantly, and the contract market was relatively active. The basis of futures contracts increased significantly.
According to data from Huobi Study Club, DeFi TVL increased slightly and valued at $113.64 billion, the true locked value remained stable and valued at $84.66 billion. Among them, the top programs have not changed much. Today’s total DeFi trading volume increased slightly and it is $4.47 billion.
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Disclaimer
Investing in digital assets carries risks and this article does not constitute operational advice.
