Evening Market Report September 22

HTX Research
3 min readSep 22, 2021

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BTC rallied slightly during the day, focusing on whether it stands steady at 39500.

According to data from Huobi Global, BTC rallied slightly in the morning to evening, the current trend is relatively smooth, located at 42000 a line, the K line is running near EMA5, EMA5 in EMA10, EMA20 below, but there is a trend of upward twist, below 39500 support is strong, short-term attention can stand stable support level. The k-line is located between the middle and lower Bollinger band, which is moving down in parallel. Volume has not changed much, slightly lower than yesterday, but still remains high, DIF is located below DEA, there is a trend of upward penetration, the difference between the two is not large, the empty potential is gradually weakening. From the daily level, BTC is currently a short negative line with a long lower shadow, indicating strong support below, the overall trend is still downward, but the speed has slowed down, short-term concern whether the decline can be stopped.

According to data from Huobi Global, ETH climbed slowly during the day, trending in the same direction as BTC, and now sits near 2900. Looking at the 4h line, EMA5 has a twist upward trend, the k-line is located between the middle and lower Bollinger band, and the Bollinger band opening is parallel downward. Volume has not changed much, slightly lower than yesterday, but still remains high, DIF is located below DEA, the gap between the two is gradually decreasing, and the short-side momentum is weakening. From a daily perspective, ETH is currently a short negative with a long lower shadow, in a downward trend, pay attention to whether the support below 2650 is effective.

In terms of contracts, the data of Huobi Futures showed that the open interest of BTC futures

increaseed slightly, the volume decreaseed slightly, and the contract market was relatively inactive. The basis of futures contracts remained stable.

The open interest of ETH futures decreaseed slightly, 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 decreased slightly, it is up to $106.08 billion, and the real TVL decreased slightly to $79.49 billion. Among them, the top programs have not changed much. Today’s total DeFi trading volume increased slightly and it is $4.77 billion.

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HTX Research
HTX Research

Written by HTX Research

Blockchain industry top think tank, affiliated to Huobi Group.

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