Morning Market Report July 19
BTC moved sideways at a low level on weekends. Pay attention to the breakthrough of 32500 above and the support of 31000 below.
According to the data from Huobi Global, BTC continued to move sideways at weekends. The lower edge of the consolidation interval was 31000 and the upper edge was 32500. It is currently moving sideways around 31500 for a short period of time. The trading volume is relatively sluggish. In day level of picture, BTC is now a short positive after two consecutive negatives. It is still at a relatively low level.
In four-hour level of picture, the K-line basically stays below EMA20, crossing EMA5 and EMA10 more than once. Both of the two EMAs tend to coincide and move smoothly. From the analysis of the Bollinger Bands, the K-line fluctuates around the middle rail, with both sides competing fiercely. All rails tend to flatten and the bandwidth remains unchanged. BTC may enter a consolidation interval in the short term. DIF stays above DEA, both of which are negative and move upward. The previous downward energy is getting weaker. In the afternoon, pay attention to the changes of the trading volume and the breakthrough of 32500 above and the support of 31000 below.
According to the data from Huobi Global, ETH continued to move sideways around 1900 on Saturday. It rose rapidly on Sunday, reaching the highest 1993.67 USDT, and then fell slightly, reaching the lowest 1877.18 USDT. It is now moving sideways around 1900 for a short period of time. The trading volume is relatively sluggish. In day level of picture, ETH is now a short negative. In four-hour level of picture, the K-line basically stays below EMA5, EMA10 and EMA20 after a shortly breakthrough on Sunday. EMA5 moves downward steeply. EMA10 and EMA20 tend to flatten. From the analysis of the Bollinger Bands, the K-line is basically located between the lower rail and the middle rail. All rails tend to flatten and the bandwidth remains unchanged. DIF stays above DEA, both of which are negative. However, MACD Bar is decreasing. So DIF may cross DEA to form a dead cross. In the afternoon, pay attention to the changes of the trading volume and the breakthrough of 1950 above and the support of 1800 below.
In terms of contracts, the data of Huobi Futures showed that the open interest of BTC futures remained stable. The trading volume decreased slightly and the market is inactive. The basis of futures contracts decreased slightly.
The open interest of ETH futures contracts remained stable. The trading volume decreased slightly and the market is inactive. The basis of futures contracts decreased slightly.
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Disclaimer
Investing in digital assets carries risks and this article does not constitute operational advice.
