Evening Market Report July 29
BTC traded sideways during the day, and the trading volume was relatively sluggish
According to data from the Huobi Global, BTC is trading sideways at 39900 within the day. In four-hour level of picture, the K line trend is basically the same as EMA 5 trend in the day, and continues to stay above EMA 10 and EMA 20, and the three EMAs continue to be flat. 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 is flattened after slight narrowing. DIF is continuously below DEA, and both are positive. The three values of KDJ are all greater than 50. The trading volume is relatively sluggish, and the market may trade sideways. In day level of picture, BTC ushered in a second consecutive positive today, but the intraday gains were not large. In the evening, continue to pay attention to the continuation of the sideways trend and the breakthrough of 40500 above and the support of 38900 below.
According to data from the Huobi Global, ETH is trading sideways at 2290 within the day. In four-hour level of picture, the K-line continuously crossed EMA 5 and EMA 10 upwards in the day, and continued to stay above EMA 20, and the three EMAs tended to be flat. The K line crosses the middle track of the Bollinger Band within a day, and the opening of the Bollinger Band is flattened after slight narrowing. DIF continues to stay below DEA for the day, and both are positive. The three values of KDJ are all greater than 50. The trading volume is relatively sluggish. The market may continue to trade sideways. In day level of picture, ETH ushered in two consecutive positives 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 2330 above and the support of 2250 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 Study Club, today, DeFi TVL remained stable and valued at $82.34 billion, the true locked value remained stable and valued at $61.93 billion. Among them, the top programs have not changed much. Today’s total DeFi trading volume decreased slightly and valued at $2.79 billion. Among them, Uniswap V3 decreased significantly, reaching 19.43%.
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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.
