Evening Market Report July 28
BTC traded sideways during the day, and the trading volume was relatively sluggish
According to data from the Huobi Global, after experiencing a small rise in the morning, BTC traded sideways at 39,700 in the day. In four-hour level of picture, the K line continues to stay above EMA 5, EMA 10 and EMA 20 in the day, and the three EMAs show a slow upward trend. The K line continues to be located between the middle track and the upper track of the Bollinger Band, and the opening of the Bollinger Band continues to level off. DIF is continuously above DEA, and both are positive. CCI crosses the 100 line downwards slightly in the evening, but it is basically near the 100 line. The trading volume is relatively sluggish, and the market may trade sideways. In day level of picture, BTC rose slightly today and is at a recent high. In the evening, continue to pay attention to the continuation of the sideways trend and the breakthrough of 40,300 above and the support of 39,000 below.
According to data from the Huobi Global, ETH is trading sideways at 2280 during the day. In four-hour level of picture, the K line crosses EMA 5 downwards for a short period of time during the day, and is currently continuously above EMA 5, EMA 10, and EMA 20. The three EMAs are showing a slow upward trend. The K line continues to be located between the middle track and the upper track of the Bollinger Band, and the opening of the Bollinger Band continues to level off. DIF continues to stay below DEA for the day, and both are positive. The trading volume is relatively sluggish. The market may continue to trade sideways. In day level of picture, ETH rose slightly today, but the increase was not large. In the evening, continue to pay attention to the continuation of the sideways trend and the breakthrough of 2340 above and the support of 2220 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 rose slightly. The volume decreased slightly, and the contract market was relatively inactive. The basis of futures contracts rose slightly.
According to data from Huobi Study Club, today, DeFi TVL remained stable and valued at $82.88 billion, the true locked value remained stable and valued at $62.43 billion. Among them, the top programs have not changed much. Today’s total DeFi trading volume remained stable and valued at $3.40 billion. Among them, MDEX decreased significantly, reaching 36.34%.
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.
Follow Us
Disclaimer
Investing in digital assets carries risks and this article does not constitute operational advice.
