Evening Market Report July 5
BTC is consolidating sideways during the day, and is concerned about the support below 33500 in the evening
In four-hour level of picture, the K-line crossed the EMA 5, EMA 10 and EMA 20, and the EMA 5 and EMA 10 crossed, and the three EMAs tend to go down. The K-line crossed the middle rail of the Bollinger band, and now it is located between the middle rail and the lower rail, and the opening of the Bollinger band has a tendency to narrow. DIF crossed with DEA, both are positive, but DIF has a tendency to go down and turn negative. Volume is relatively depressed, the market may experience a large decline in the horizontal finishing a period of time, but there is still downward momentum. Daily level, BTC has fallen today, the decline is large. Continue to pay attention to the change in volume and the 33500 support situation below in the evening.
According to the data from Huobi Global Station, ETH fell slightly during the day. The K-line crossed the EMA 5 during the day and is located near the EMA 10, and continues to be above the EMA 20, with the three EMAs flattening overall. The K-line is located between the middle rail and the upper rail, and the opening of the Bollinger band has a tendency to narrow. DIF is located above DEA but then overlapped and went down. Both are positive. Volume is relatively depressed. The market may continue to consolidate sideways. At the daily level, ETH fell slightly today, with a moderate decline. Keep watching the change in volume and the support below 2200 in the evening.
In terms of contracts, the data of Huobi Futures shows that the BTC contract position volume is relatively stable, the contract transaction has dropped sharply, and the contract market is relatively inactive. The basis difference of the delivery contract is relatively stable.
ETH contract positions are relatively stable, contract turnover has dropped sharply, and the contract market is relatively inactive. The basis difference of the delivery contract has a small fluctuation.
According to data from Huobi Club, today, the total locked position (TVL) of DeFi was relatively stable at $76.04 billion today, and the real locked position was relatively stable at $57.26 billion. Among them, the headline items did not change much. Total Defi volume fell slightly today to $2.76 billion. Among them, Uniswap V3 fell by a large margin, reaching 66.87%.
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Investing in digital assets carries risks and this article does not constitute operational advice.
