Morning Market Report July 28
BTC rebounded slightly last night, basically covering the intraday decline. Pay attention to the breakthrough of 41000 above.
According to the data from Huobi Global, BTC bottomed 36500 below and then rebounded. In the morning, the long sides started to counter back. BTC is currently moving sideways around 39500 for a short period of time. The trading volume is at a relatively high level. In day level of picture, BTC is now a short positive, with a stronger support.
In four-hour level of picture, the K-line stays above EMA20, oscillating near EMA5 and EMA10. All EMAs move upward. From the analysis of the Bollinger Bands, the K-line is located between the middle rail and the upper rail. It rose rapidly in the early morning, with a relatively strong upward energy. All rails move upward and the bandwidth remains unchanged, indicating the market may oscillate to move upward. DIF continuously stays above DEA, both of which are positive. The long sides bar also continues to increase. CCI may cross the 100 line. In the afternoon, pay attention to the changes of the trading volume and the breakthrough of 41000 above and the support of 38000 below.
According to the data from Huobi Global, ETH continued to move sideways last night. The lower edge of the consolidation interval was 2200 and the upper edge was 2350. It is currently moving sideways around 2300 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 positive. In four-hour level of picture, the K-line oscillates near EMA, 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, briefly breaking the middle one. All rails move upward and the bandwidth remains unchanged. DIF stays below DEA, both of which are positive. The short sides bar is decreasing now. CCI is located in a normal interval. In the afternoon, pay attention to the changes of the trading volume and the breakthrough of 2400 above and the support of 2150 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 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.
