Evening Market Report July 16
BTC fell after a sideways trading during the day. Pay attention to the support of 31000 below
According to data from the Huobi Global, BTC fell after sideways trading during the day and is currently as low as 31324.34USDT. In four-hour level of picture, the K line crossed EMA 5 downwards in a day, and continues to stay below EMA 10 and EMA 20. The three EMAs show a downward trend. The K line continues to be located between the lower track and the middle track of the Bollinger Band, approaching the lower track, and the Bollinger Band opening remains flat. DIF continues to be below DEA, and both are negative. CCI crossed the -100 line downwards. The trading volume is relatively sluggish, and the market may continue to fall. In day level of picture, BTC ushered in five consecutive negative today. In the evening, continue to pay attention to the continuation of the downward trend and the breakthrough of 31800 above and the support of 31000 below.
According to data from the Huobi Global, ETH decreased after rising within a day, and is currently as low as 1857.00USDT. In four-hour level of picture, the K line continuously crossed EMA 5 and EMA 10 downwards during the day, staying below EMA 20, and the three EMAs show a downward trend. The K line crossed the lower track of the Bollinger Band for a short period of time within a day, and is currently continuously located between the lower track and the middle track, approaching the lower track, and the opening of the Bollinger band remains flat. DIF continues to stay above DEA for the day, and both are negative. CCI crossed the -100 line downwards. The trading volume is relatively sluggish. The market may continue to decline. In day level of picture, ETH ushered in five consecutive negative today. In the evening, continue to pay attention to the continuation of the downward trend and the breakthrough of 1910 above and the support of 1850 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 rose 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 Club, today, DeFi TVL remained stable and valued at $73.92 billion, the true locked value remained stable and valued at $55.30 billion. Among them, the top programs have not changed much. Today’s total DeFi trading volume remained stable and valued at $3.29 billion. Among them, Uniswap V3 decreased significantly, reaching 10.42%.
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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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Disclaimer
Investing in digital assets carries risks and this article does not constitute operational advice.
