Morning Market Report July 27
BTC fell back slightly. Pay attention to the changes of the trading volume.
According to the data from Huobi Global, BTC fell slightly last night, reaching the lowest 36767.54 USDT. It is currently moving sideways around 37000 for a short period of time. The long sides are stronger and the trading volume is relatively high. In day level of picture, BTC ushered in the first negative after three consecutive positives. The resistance is strong, leading a rapid fall to digest the previous increase.
In four-hour level of picture, the K-line stays above EMA20, oscillating near EMA5 and EMA10. Both EMA10 and EMA20 tend to flatten. From the analysis of the Bollinger Bands, the K-line has returned to Bollinger Bands, indicating the previous callback pressure has been basically released. At present, the bandwidth tends to shrink. BTC may move sideways for a short period of time. DIF continuously stays above DEA, both of which are positive. However, DIF decreases slightly and tends to cross DEA. The long sides bar also tends to decrease, indicating the market profitability is limited. CCI crosses the 100 line. In the afternoon, pay attention to the changes of the trading volume and the breakthrough of 39000 above and the support of 35500 below.
According to the data from Huobi Global, ETH continued to fall last night, reaching the lowest 2173.52 USDT. It is currently moving sideways around 2200 for a short period of time. The trading volume is at a relatively high level. In day level of picture, ETH is now a short negative, basically covering yesterday’s increase. In four-hour level of picture, the K-line oscillates near EMA, EMA10 and EMA20. All EMAs move downward. From the analysis of the Bollinger Bands, the K-line is located between the upper rail and the middle rail, oscillating near the middle one. The bandwidth tends to shrink. DIF crosses DEA to form a dead cross, both of which are positive. The short sides bar is increasing now. CCI crosses the 100 lin. In the afternoon, pay attention to the changes of the trading volume and the breakthrough of 2250 above and the support of 2050 below.
In terms of contracts, the data of Huobi Futures showed that the open interest of BTC futures increased slightly. The trading volume decreased slightly and the market is inactive. The basis of futures contracts decreased slightly.
The open interest of ETH futures contracts increased slightly. 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.
