Evening Market Report August 20

BTC fluctuates at a high level in the day, and the moving averages are arranged in a long position. The short-term market may continue to rise, and we need to pay attention to the above breakthrough.

According to data from Huobi Global, BTC fluctuated at a high level during the day, reaching a maximum of 47400USDT. Looking at the four-hour level, The k-line is located above EMA5, EMA10, and EMA20 during the day, the moving averages are arranged in long positions, and they may continue to rise in the short term. The k-line Runs between the upper rail and middle rail of the Bollinger Band, and close to the upper rail, the opening of the Bollinger Band is slightly

expanded. DIF passes above DEA within a day, DIF is positive, and DEA is negative. CCI wears 100 lines in the day and wears it down in the evening. The trading volume is relatively sluggish. In terms of daily level, the current k-line is positive, the upward channel may be opened, pay attention to follow-up breakthroughs.

According to data from Huobi Global, ETH fluctuated at a high level during the day, which is similar to the trend of BTC, and pay attention to the above 3300 breakthrough situation. Looking at the four-hour level, the K-line is located above EMA5, EMA10, and EMA20, the moving averages are arranged in long positions, and they may continue to rise in the short term. The k-line Runs between the upper rail and middle rail of the Bollinger Band, and close to the upper rail, the opening of the Bollinger Band is slightly expanded. DIF is always above DEA during the day, and both are increasing. The trading volume remains stable. CCI has located above 100 line within the day, and is currently close to the 100 line. In terms of daily level, ETH is currently a positive line and is located in an upward channel. It is necessary to pay attention to whether it can make a breakthrough in the future.

In terms of contracts, the data of Huobi Futures showed that the open interest of BTC futures remained stable, the volume decreased slightly, and the contract market was relatively inactive. The basis of futures contracts remained stable.

The open interest of ETH futures contracts increased slightly, the volume decreased slightly, and the contract market was relatively inactive. The basis of futures contracts remained stable.

According to data from Huobi Study Club, DeFi TVL increased significantly and valued at $108.89 billion, the true locked value increased slightly and valued at $80.66 billion. Among them, the top programs have not changed much. Today’s total DeFi trading volume decreased slightly and it is $4.37 billion.

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Disclaimer

Investing in digital assets carries risks and this article does not constitute operational advice.