Evening Market Report August 27
BTC fluctuates in the day, and short-term attention needs to be paid to whether it can break through the resistance level of 48000.
According to data from Huobi Global, BTC fluctuates in the day, below 46300 a line of support is stronger, currently see signs of stopping the decline. k line gradually penetrate EMA5, EMA10, currently located below EMA20 running, EMA5 gradually close to EMA10, concerned about the breakthrough above 48000. k line intraday gradually close to the Bollinger band middle rail, Bollinger band opening size no significant change, opening parallel downward. From the daily level, BTC is currently a short positive, running in the middle rail of the Bollinger band, rising pattern has not yet changed, this week’s retracement situation and last week’s similarity is high, belongs to the normal market fluctuations, short-term adjustment, the market may continue to move up.
According to data from Huobi Global, ETH fluctuates in the day, the trend is highly convergent with BTC, with the lowest level reaching 3060.98USDT and the highest level reaching 3147USDT. 4 hours, the k-line penetrated EMA5 and gradually approached EMA10 and EMA20, the three averages are slowing down and tending to be horizontal. k-line is running between the middle and lower Bollinger band, and the opening of Bollinger band is tightening slightly. There is no significant change in volume. DIF and DEA are moving downward, both are negative, the gap is gradually decreasing, and the momentum of the short side has weakened. From a daily perspective, ETH is currently a short positive, k-line down through the middle rail of the Bollinger band. Short-term continue to focus on whether the support below the 3000 line is effective and the breakthrough above 3200.
In terms of contracts, the data of Huobi Futures showed that the open interest of BTC futures
decreased slightly, the volume decreased slightly, and the contract market was relatively inactive. The basis of futures contracts decreased slightly.
The open interest of ETH futures decreased slightly, the volume decreased slightly, and the contract market was relatively inactive. The basis of futures contracts decreased slightly.
According to data from Huobi Study Club, DeFi TVL decreased slightly and valued at $109.95 billion, the true locked value remained stable and valued at $81.30 billion. Among them, the top programs have not changed much. Today’s total DeFi trading volume decreased slightly and it is $4.10 billion.