Evening Market Report September 2
BTC rebounded strongly in the day, paying attention to the pressure of 5000 above.
According to data from Huobi Global, From the 4h line, BTC rebounded strongly. EMA5, EMA10 and EMA20 are threaded on K line. EMA5 wears EMA10 and EMA20 to form a golden fork, and the three moving averages run steeply upward. k-line runs from the middle rail of Bollinger Bands to the upper rail during the day, and the opening of Bollinger Bands is greatly expanded.
The trading volume is larger than yesterday. DIF wears DEA, both of which are positive,rising steeply, and the bull-party potential energy is strong.
From a daily perspective, BTC today is a medium-positive, reverse package of the previous days decline, and is now gradually approaching the upper rail of Bollinger bands, the three averages have an upward trend, the bullish mood is high, or will continue to move up, but need to pay attention to the pressure level above.
According to data from Huobi Global, ETH continued yesterday’s uptrend during the day, advancing to the 3900 line, currently at a high of 3842.60 USDT. From the 4h line, the three averages are long. k-line is running near the upper rail of Bollinger bands, falling back slightly below the upper rail of Bollinger bands in the afternoon, with the Bollinger band opening expanding significantly. Volume is slightly higher than yesterday, DIF continues to sit above DEA, both continue to move steeply upward and both are positive.
From a daily perspective, ETH is currently in the positive, continue to stand firm on the upper rail of the Bollinger band, the bullish mood is high, continue to pay attention to the above breakthrough situation.
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 decreased slightly, and the contract market was relatively inactive. The basis of futures contracts rEMAined stable.
According to data from Huobi Study Club, DeFi TVL continued to rise, returning to above US $120 billion, today it was US $122.63 billion, and the real lock up volume increased slightly to US $99.18 billion. Among them, the top programs have not changed much. Today’s total DeFi trading volume decreased slightly and it is $4.66 billion.
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Disclaimer
Investing in digital assets carries risks and this article does not constitute operational advice.
