Evening Market Report September 10
BTC fell slightly in the afternoon, watching the breakout of EMA5.
According to data from Huobi Global, BTC fell slightly in the afternoon, with sluggish volume. 4H level looks like the market has been sideways for 3 days, the support role of 45500 is strong, and the possibility of continued decline is unlikely. 3 EMAs are almost flat and close, K lines crossed EMA5 up and down several times, Bollinger band continues to close, MACD double line is flat. The market continues to pause and the trend is unclear. At the daily level, BTC fell slightly today, with a decline comparable to yesterday’s gain. During the evening, we are concerned about the continuation of the down market, the support situation of 44500 and the blocking situation of EMA5. If we can break through EMA5 and stand firm, the rising market of the previous period is expected to continue.
According to data from Huobi Global, ETH fell slightly during the day. From the 4h line, the three moving averages are gradually converging and tending to be level. The k-line runs near the lower track of the Bollinger Bands, the Bollinger Bands opening slightly shrinks, and the trading volume is sluggish. From the perspective of the daily line, ETH is currently a short negative line. Judging from the weekly and monthly lines, ETH is at the top of the Bollinger Bands and still has a downward trend, with obvious short-term fluctuations and uncertain future trends.
In terms of contracts, the data of Huobi Futures showed that the open interest of BTC and ETH contracts rose slightly, the volume fell, and the contract market was relatively inactive. The basis of the delivery contract is relatively small.
According to data monitoring by Huobi Study Club, the total DeFi lock-up volume (TVL) remained stable at US$113.2 billion, and the actual lock-up volume remained stable at US$84.7 billion. Among them, the top project has not changed much. Today’s total DeFi transaction volume fell to $3.96 billion.
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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