Evening Market Report July 21
BTC bottomed out and rallied to break the 30,000-point integer barrier
According to data from Huobi Global, BTC rose rapidly during the day, up to 30,893.38 USDDT. In the four-hour level picture, the K-line penetrated EMA 5, EMA 10 and EMA 20 continuously during the day, and the three EMAs have a strong uptrend. The K-line penetrated the middle rail of the Bollinger band during the day, and is located between the upper rail and the middle rail in the evening, near the middle rail, and the Bollinger band opening is tightened. DIF penetrated DEA during the day. It now lies above DEA and is trending upwards, both are negative. Volume is short-lived and the market may continue to rise slightly. On the daily level, BTC is up today. Keep an eye on the continuation of the uptrend and the breakthrough of 31000 above and 30000 below.
According to data from Huobi Global, ETH rose rapidly during the day, up to 1882.00USDT, then fell slightly and is now located near 1870.00USDT. In the four-hour level picture, the K-line penetrated EMA 5, EMA 10 and EMA 20 during the day and continues to be located above, EMA 5 is trending upward, EMA 10 and EMA 20 tend to be flat. The K-line penetrated the middle rail of the Bollinger band briefly during the day and now continues to be located between the upper and middle rails, and the opening of the Bollinger band is starting to tighten. DIF penetrated DEA during the day, both of which are negative. Volume is relatively depressed. The market may move sideways and consolidate. On the daily level, ETH is up slightly today. In the evening, continue to pay attention to the continuation of the uptrend and the breakthrough of 1880 above and the support of 1800 below.
In terms of contracts, the data of Huobi Futures showed that the BTC contract position is relatively stable, the contract turnover is slightly decreasing, and the contract market is relatively active. The basis difference of the delivery contract is relatively stable. ETH contract position and contract volume decreased slightly, and the contract market is relatively active. The basis difference of the delivery contract was stable after fluctuation.
According to data from Huobi Club, today,the total locked position (TVL) of DeFi rose slightly to $72.15 billion today, and the real locked position rose slightly to $54.76 billion. Among the headline items, there was little change. Total Defi volume declined slightly today to $3.30 billion. Among them, Uniswap V2 dropped more, reaching 61.67%.
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Disclaimer
Investing in digital assets carries risks and this article does not constitute operational advice.
