Morning Market Report July 23
BTC fluctuated to move upward. Pay attention to the breakthrough of 33500 above and the support of 32000 below.
According to the data from Huobi Global, BTC rose rapidly last night, reaching the highest 32586.93 USDT, and then fell back slightly. In this morning, the long sides started to counter back. It is currently moving sideways around 32500 for a short period of time. The trading volume is at a relatively low level. In day level of picture, BTC had a short positive yesterday. Now BTC is a short negative, with a stronger resistance.
In four-hour level of picture, the K-line basically stays above EMA10 and EMA20, moving around EMA5. 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. Both the two rails move upward. If the bandwidth remains expanding, BTC may fluctuate to move upward in the short term. DIF continuously stays above DEA, both of which are positive. However, the long sides bar tends to decrease, indicating that market profitability is limited. In the afternoon, pay attention to the changes of trading volume and the breakthrough of 33500 above and the support of 32000 below.
According to the data from Huobi Global, ETH continued to move sideways last night, reaching the highest 2045.50 USDT. It is currently moving sideways around 2020 for a short period of time. The trading volume is at a relatively high level. In day level of picture, ETH ushered three 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 and all rails move upward. DIF continuously stays above DEA, both of which are positive. In the afternoon, pay attention to the of the changes of the trading volume and the breakthrough of 2100 above and the support of 1950 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 increased 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.
