Evening Market Report July 9
BTC traded sideways during the day, and pays attention to the support of 32400 below
According to data from the Huobi Global, BTC continued to trade sideways around 32900 for the day. In four-hour level of picture, the K line crossed EMA 5 and EMA 10 for a short period of time during the day, and then fell below EMA 5 and continued to stay below EMA 20. The downward trend of EMA 10 and EMA 20 was steep, and EMA 5 tended to be flat. The K line continues to be located between the middle track and the lower track of the Bollinger Band, and the opening of the Bollinger Band is slightly enlarged. DIF is continuously below DEA, and both are negative. The trading volume is relatively sluggish, and the market may decline slightly. In day level of picture, BTC rose slightly today, but the increase was not large. In the evening, continue to pay attention to the changes in trading volume and the breakthrough of 33300 above and the support of 32400 below.
According to data from the Huobi Global, ETH fluctuated sideways around 2110 within the day. In four-hour level of picture, the K line crossed EMA 5 for a short time in a day, and then fell back, staying below EMA 10 and EMA 20, and the three EMAs fell steeply. The K line crosses the lower track of the Bollinger Band for a short time within a day, and then returns to the interval between the lower track and the middle track, and the opening of the Bollinger Band expands. DIF continues to stay below DEA for the day, and both are negative. The trading volume is relatively sluggish. The market may decline slightly. In day level of picture, ETH ushered in the second consecutive decrease today, but the intraday decrease was not large. In the evening, continue to pay attention to the changes in trading volume and the breakthrough of 2160 above and the support of 2050 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 Club, today, DeFi TVL remained stable and valued at $76.16 billion, the true locked value remained stable and valued at $56.27 billion. Among them, Liquity decreased significantly, reaching 10.22%. Today’s total Defi trading volume rose slightly and valued at $3.03 billion. Among them, Uniswap V2 rose significantly, reaching 96.87%.
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.
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Disclaimer
Investing in digital assets carries risks and this article does not constitute operational advice.
