Morning Market Report July 22
BTC rose rapidly last night. Pay attention to the breakthrough of 33000 above.
According to the data from Huobi Global, BTC continued to rise last night, reaching the highest 32806.05 USDT. It is currently moving sideways around 32000 for a short period of time. The trading volume is enlarged significantly and the market is in upward trend. In day level of picture, BTC had a long positive yesterday, with a strong support. Long sides were absolute dominant. Now BTC is a short positive. The resistance is stronger than support. BTC may fluctuate in the short term.
In four-hour level of picture, the K-line basically stays above EMA5, EMA10 and EMA20. Its rebound covers the previous total decline. EMA5 crosses EMA10 and EMA20 in turn to form a golden cross. All EMAs move upward. From the analysis of the Bollinger Bands, the K-line is located between the middle rail and the upper rail, approaching the upper one. All rails tend to flatten. The bandwidth expands slightly. BTC may move sideways in the short term. DIF, which turns from negative to positive, continuously stays above DEA that is negative and move upward. The upward energy is getting stronger. CCI crosses the 100 line, entering a upward interval. In the afternoon, pay attention to the changes of trading volume and the breakthrough of 33000 above and the support of 31500 below.
According to the data from Huobi Global, ETH continued to rise last night, reaching the highest 2033.00 USDT. It is currently moving sideways around 32000 for a short period of time. The trading volume is enlarged significantly. In day level of picture, ETH ushered two consecutive positives. In four-hour level of picture, the K-line basically stays above EMA5, EMA10 and EMA20. All EMAs move upward. From the analysis of the Bollinger Bands, the K-line is located between the upper rail and the middle rail, approaching the upper one. The bandwidth expands slightly. DIF, which turns from negative to positive, continuously stays above DEA that is negative and move upward. In the afternoon, pay attention to the of the changes of the trading volume and the breakthrough of 2050 above and the support of 1900 below.
In terms of contracts, the data of Huobi Futures showed that the open interest of BTC futures decreased slightly. The trading volume decreased slightly and the market is inactive. The basis of futures contracts increased slightly.
The open interest of ETH futures contracts decreased slightly. The trading volume decreased slightly and the market is inactive. The basis of futures contracts increased slightly.
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Disclaimer
Investing in digital assets carries risks and this article does not constitute operational advice.
