Evening Market Report July 20
BTC traded sideways after falling within the day and fell below the 30,000 integer mark
According to data from the Huobi Global, BTC fell rapidly within the day, as low as 29500.10USDT, and then traded sideways at 29,700. In four-hour level of picture, the K line continuously crossed EMA 5 and EMA 10 downwards and stayed below EMA 20 during the day, and the three EMAs showed a downward trend. The K line crossed down the lower track of the Bollinger Band within the day, and then passed back between the lower track and the middle track in the evening, and the opening of the Bollinger Band has been significantly expanded. DIF continues to be below DEA, and both are negative. CCI continues to stay below the -100 line. The trading volume increased in a short time, and the market may continue to fall. In day level of picture, BTC ushered in four consecutive negative today. In the evening, continue to pay attention to the continuation of the downward trend and the breakthrough of 30,000 above and the support of 29,000 below.
According to data from the Huobi Global, ETH fell rapidly within the day, as low as 1719.00USDT, and then fluctuated sideways around 1740. In four-hour level of picture, the K line crossed EMA 5 in a day, and continues to stay below EMA 10 and EMA 20. 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 located near the lower track, and the opening of the Bollinger Band has been significantly expanded. DIF continues to stay below DEA for the day, and both are negative. CCI continues to stay below the -100 line. The trading volume is relatively sluggish. The market may continue to decline. In day level of picture, ETH ushered in two consecutive negative today. In the evening, continue to pay attention to the continuation of the downtrend and the breakthrough of 1800 above and the support of 1700 below.
In terms of contracts, the data of Huobi Futures showed that the open interest of BTC futures remained stable. The volume rose slightly, and the contract market was relatively active. The basis of futures contracts decreased slightly.
The open interest of ETH futures contracts remained stable. The volume rose slightly, and the contract market was relatively active. The basis of futures contracts decreased slightly.
According to data from Huobi Club, today, DeFi TVL decreased slightly and valued at $68.67 billion, the true locked value decreased slightly and valued at $52.26 billion. Among them, PancakeSwap decreased significantly, reaching 10.42%. Today’s total DeFi trading volume rose slightly and valued at $3.50 billion. Among them, Uniswap V3 rose significantly, reaching 25.21%.
About Huobi Research
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.
