Evening Market Report July 8
BTC is rapidly falling in steps during the day, and the evening is concerned about the breakthrough above 33000 and the support below 32000.
According to the data of Huobi Global Station, the K-line has been continuously penetrating the EMA 5, EMA 10 and EMA 20, which are below, and all three EMAs are in a downward trend. The K-line has penetrated the middle and lower rails of the Bollinger band, and the opening area of the Bollinger band has expanded. DIF has turned from positive to negative, and is located below after crossing with DEA, with a downward trend. Volume is relatively depressed, the market shows a short-side dominance. At the daily level, BTC is falling more sharply today. Continue to pay attention to the continuation of the downtrend in the evening as well as the breakthrough above 33000 and the support below 32000.
According to the data from Huobi Global Station, ETH is falling in steps during the day and will continue to consolidate sideways for some time. The ETH has been in the midst of the EMA 5, EMA 10 and EMA 20, with EMA 5 trending down and EMA 1 and EMA 20 flattening out. The K-line has penetrated the middle and lower rails of the Bollinger band, and the opening area of the Bollinger band has expanded. DIF is located below DEA, both are positive, but DIF may become negative. Volume is relatively depressed. The market may be in a step down after a period of sideways consolidation. On a daily level, ETH is down more sharply today. Continue to pay attention to the continuation of the downtrend and the support below 2100 in the evening.
In terms of contracts, the data of Huobi Futures the big data of the Firecoin contract shows that the BTC contract position is relatively stable, the contract volume has increased slightly, and the contract market is relatively active. The basis difference of the delivery contract increased slightly. ETH contract positions rose slightly, contract volume fell slightly, and the contract market was relatively active. The basis difference of the delivery contract fluctuated and rose slightly.
According to data from Huobi Club, today, the total locked position (TVL) of DeFi was relatively stable today reaching $78.58 billion, and the real locked position was relatively stable at $58.09 billion. Among them, the headline items did not change much. Total Defi volume rose today, reaching $2.43 billion. Among them, Uniswap V3 fell by a large margin, reaching 28.88%.
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Investing in digital assets carries risks and this article does not constitute operational advice.
