Evening Market Report September 1
BTC is shaking at a low level, with strong support below at 46500.
According to data from Huobi Global, From the 4h line, BTC continued to shock down, the current support below 46500 a line is more effective. K-line running near EMA5, the three averages are flat down, the upper resistance is strong. K-line intra-day through the lower rail of the Bollinger band, gradually close to the middle rail of the Bollinger band, the Bollinger band opening parallel downward, no significant change in size. Volume decreased compared to yesterday, DIF and DEA continued to move down, DIF continued to be located below DEA, both negative, the gap between the two has a tendency to narrow, the empty side of the potential slightly weakened, the short-term trend is unclear, from the two-day market, the low is getting lower. From the daily, BTC closed positive cross, located near the middle of the Bollinger band running, the three averages are moving flat, EMA5 down through EMA10 to form a dead fork, short sentiment is still continuing.
According to data from Huobi Global, ETH rose as much as 4.78% during the day, breaking yesterday’s pressure level at 3400.00 USDT, peaking at 3558.00 USDT. From the 4h line, the averages indicating the strong long momentum. k-line is running above the upper Bollinger band, with a large expansion of the Bollinger band opening. Volume is decreased compares to yesterday, DIF is penetrating DEA, both steeply upward and both positive. From a daily perspective, ETH is currently mid-positive and standing steady on the middle rail of the Bollinger band.From the daily pattern, ETH upside channel has been opened, continue to pay attention to the subsequent breakout.From the daily pattern, ETH upside channel has been opened, continue to pay attention to the subsequent breakout.
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 remained stable.
The open interest of ETH futures remained stable, the volume increased slightly, and the contract market was relatively inactive. The basis of futures contracts decreased sligtly.
According to data from Huobi Study Club, DeFi TVL increased slightly and valued at $117.98 billion, the true locked value remained stable and valued at $87.99 billion. Among them, the top programs have not changed much. Today’s total DeFi trading volume increased slightly and it is $4.70 billion.
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Disclaimer
Investing in digital assets carries risks and this article does not constitute operational advice.
