Evening Market Report August 3

BTC fell slightly during the day, and the trading volume was relatively sluggish.

According to data from the Huobi Global, TC fell slightly during the day, as low as 37963.93USDT. After a slight rebound in the afternoon, it traded sideways at 38500. In four-hour level of picture, the K line continues to stay below EMA 5, EMA 10, and EMA 20 during the day, and the three EMAs show a downward trend. The K line continues to be located between the middle track and the lower track of the Bollinger Band for a short time, and the opening of the Bollinger Band is slightly enlarged. DIF continues to be below DEA, and DEA may change from positive to negative at night. CCI continues to stay below the -100 line. The trading volume is relatively sluggish, and the market may decline for a short time. In day level of picture, BTC ushered in three consecutive negatives. In the evening, continue to pay attention to the continuation of the downward trend and the breakthrough of 39,400 above and the support of 38,000 below.

According to data from the Huobi Global, ETH fell slightly during the day, as low as 2444.00USDT, and then traded sideways at 2480. In four-hour level of picture, the K line continuously crossed EMA 5, EMA 10 and EMA 20 downwards within a day, and EMA 5 crossed EMA 10 downwards to form a death cross, and the three EMAs showed a downward trend. The K line crosses the middle track of the Bollinger Band within a day, and the opening of the Bollinger Band narrows slightly. DIF continues to stay below DEA for the day, and both are positive. CCI is approaching the -100 line, and it may cross down at night. The trading volume is relatively sluggish. The market may fall slightly. In day level of picture, ETH fell slightly today, and the decline basically reversed the increase in the previous two days. In the evening, continue to pay attention to the continuation of the downward trend and the breakthrough of 2540 above and the support of 2430 below.

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 decreased slightly.

The open interest of ETH futures contracts remained stable. 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, today, DeFi TVL remained stable and valued at $84.69 billion, the true locked value remained stable and valued at $63.53 billion. Among them, the top programs have not changed much. Today’s total DeFi trading volume remained stable and valued at $3.46 billion. Among them, Curve rose significantly, reaching 154.69%.

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Disclaimer

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

Blockchain industry top think tank, affiliated to Huobi Group.@Huobi Global