Evening Market Report August 9
BTC increased with expanding volume at dusk, pay attention to the breakthrough of 46,000 and the support of 44,300.
According to data from the Huobi Global, BTC traded sideways at 43,500 for the day, and increased rapidly at dusk, reaching a current high of 45,249.13 USDT. In four-hour level of picture, the K line crossed EMA 10 and EMA 5 for a short period of time during the day, and continued to stay above EMA 20. The three EMAs showed an upward trend. The K line continues to be located between the middle track and the upper track of the Bollinger Band, approaching the upper track, and the opening of the Bollinger Band shrinks slightly. DIF continues to be below DEA, and may pass upwards at night, both of which are positive. The CCI is close to the 100 line and may cross upwards at night. The trading volume is relatively sluggish, and the market may rise slightly. In day level of picture, BTC ushered in four consecutive positives and is at a recent high. In the evening, continue to pay attention to the continuation of the upward trend and the breakthrough of 46000 above and the support of 44300 below.
According to data from the Huobi Global, ETH traded sideways at 2950 within the day, and rose slightly at dusk, breaking through the 3000-point integer mark. In four-hour level of picture, the K line continuously crossed EMA 5, EMA 10, and EMA 20 upwards during the day, and the three EMAs continued to go flat. EMA 5 may pass through EMA 10 for a short period of time to form a golden cross. The K line passes through the middle track of the Bollinger Band within a day, and the opening of the Bollinger Band shrinks slightly. DIF continues to stay below DEA for the day, and both are positive. The trading volume is relatively sluggish. The market may continue to rise. In day level of picture, ETH rose slightly today, and the increase basically reversed the decline yesterday. In the evening, continue to pay attention to the continuation of the upward trend and the breakthrough of 3200 above and the support of 3000 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 remained stable.
According to data from Huobi Study Club, today, DeFi TVL remained stable and valued at $97.25 billion, the true locked value remained stable and valued at $74.00 billion. Among them, the top programs have not changed much. Today’s total DeFi trading volume decreased slightly and valued at $3.96 billion. Among them, Uniswap V2 decreased significantly, reaching 52.82%.
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Disclaimer
Investing in digital assets carries risks and this article does not constitute operational advice.
