BTC intraday sideways, focus on 31000 support below in the evening.
According to the data from Huobi Global, BTC has been trading sideways during the day and is currently as low as 31502.63 USDT. At the four-hour level, the K-line is hovering around EMA 5 and EMA 10, and continues to be below EMA 20, with the three EMAs flattening. The K line goes below the middle track of the Bollinger Band, and is located below the middle track. The Bollinger Band opening remains flat. DIF continues to be above the DEA, both of which are negative. Volume is relatively depressed, the market may continue to sideways for a period of time. On the daily level, BTC is up slightly today. In the evening, continue to pay attention to the continuation of the uptrend and the breakthrough of 32000 above and 31000 support below.
According to the data from Huobi Global, ETH has fallen slightly after sideways consolidation during the day, and is currently as low as 1875.23 USDT. At the four-hour level, the K-line has penetrated EMA 5 during the day, and continues to be below EMA 10 and EMA 20, with the three EMAs flattening. The K-line is located between the lower and middle rails of the Bollinger band, near the middle rail, and the opening of the Bollinger band is flat. DIF continues to be above the DEA during the day. DEA is above, both are negative, DEA has a tendency to catch up with DIF. Volume is relatively depressed. The market will probably continue to consolidate sideways. On the daily level, ETH is down slightly today. Continue to pay attention to the continuation of the downtrend and the support below 1850 in the evening.
In terms of contracts, the data of Huobi Futures showed that the BTC contract position is relatively stable, the contract volume dropped slightly, and the contract market is relatively inactive. The basis difference of the delivery contract increased slightly. ETH contract positions are relatively stable, contract volume is slightly decreasing, and the contract market is relatively inactive. The basis difference of the delivery contract decreased slightly.
According to data from Huobi Club, today, the total locked position (TVL) of DeFi was relatively stable at $74.05 billion today, and the real locked position was relatively stable at $55.70 billion. Among the headline items, there was little change. Total Defi volume declined slightly today to $2.34 billion. Among them, MDEX dropped more, reaching 63.95%.
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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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