Evening Market Report August 4

HTX Research
3 min readAug 4, 2021

BTC fell slightly during the day, and the trading volume was relatively sluggish.

According to data from the Huobi Global, BTC fell slightly during the day, as low as 37500.00USDT, and is currently trading sideways around 37800. In four-hour level of picture, the K line continues to stay below EMA 5, EMA 10, and EMA 20 during the day, and the three EMAs show a downward trend. The K line continues to be located between the middle track and the lower track of the Bollinger Band, approaching the lower track, and the opening of the Bollinger Band continues to expand. DIF continues to be below DEA, and both are negative. CCI basically overlaps with the -100 line. The trading volume is relatively sluggish, and the market may continue to fall. In day level of picture, BTC ushered in four consecutive negatives. In the evening, continue to pay attention to the continuation of the downward trend and the breakthrough of 38,500 above and the support of 37,000 below.

According to data from the Huobi Global, ETH fell slightly during the day, as low as 2548.37USDT, and is currently trading sideways at 2480. In four-hour level of picture, the K line crosses EMA 5 in the day and continues to stay below EMA 10 and EMA 20. EMA 10 crosses EMA 20 to form a death cross, and the three EMAs show a downward trend. The K line continues to be located between the middle track and the lower track of the Bollinger Band, and the opening of the Bollinger Band continues to level off. DIF continues to stay below DEA for the day, and both are positive. CCI crossed the -100 line downwards. The trading volume is relatively sluggish. The market may continue to fall. In day level of picture, ETH ushered in the second consecutive negative. In the evening, continue to pay attention to the continuation of the downtrend and the breakthrough of 2530 above and the support of 2440 below.

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 decreased slightly.

The open interest of ETH futures contracts remained stable. The volume decreased slightly, and the contract market was relatively inactive. The basis of futures contracts rose slightly.

According to data from Huobi Study Club, today, DeFi TVL remained stable and valued at $84.93 billion, the true locked value remained stable and valued at $63.51 billion. Among them, the top programs have not changed much. Today’s total DeFi trading volume decreased slightly and valued at $3.53 billion. Among them, Curve decreased significantly, reaching 44.83%.

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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

Blockchain industry top think tank, affiliated to Huobi Group.