Evening Market Report July 13

BTC fluctuated sideways during the day, and pays attention to the support of 32800 below

According to data from the Huobi Global, BTC continued to trade sideways around 33100 within the day, and there was a slight upward trend in the evening. In four-hour level of picture, the K line crossed EMA 5 for a short period of time during the day, and continued to stay below EMA 10 and EMA 20. EMA 10 and EMA 20 showed a downward trend, and EMA 5 tended to level off. The K line crosses the lower track of the Bollinger Band for a short time within a day, and then continues to be located between the lower track and the middle track, and the opening of the Bollinger Band is slightly enlarged. DIF continues to be below DEA, and both are negative. The trading volume is relatively sluggish, and the market may continue to trade sideways. In day level of picture, BTC ushered in the second consecutive negative today, but the intraday decline is not large, and it may turn positive in the evening. In the evening, continue to pay attention to the changes in trading volume and the breakthrough of 33500 above and the support of 32800 below.

According to data from the Huobi Global, ETH traded sideways around 2020 within a day, and it fluctuated slightly at noon. 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 crossed the lower track of the Bollinger Band for a short period of time within a day, and then returned to the zone between the lower track and the middle track, and the opening of the Bollinger Band slightly expands. DIF continues to stay below DEA for the day, and both are negative. The trading volume rose for a short time. The market may decline slightly. In day level of picture, ETH ushered in the second consecutive negative today, but the intraday decrease was not large. In the evening, continue to pay attention to the changes in trading volume and the breakthrough of 2050 above and the support of 1980 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 rose 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 rose slightly.

According to data from Huobi Club, today, DeFi TVL remained stable and valued at $76.59 billion, the true locked value remained stable and valued at $56.67 billion. Among them, the top programs have not changed much. Today’s total Defi trading volume rose slightly and valued at $2.84 billion. Among them, 1inch rose significantly, reaching 49.06%.

About Huobi Research

Huobi Research was founded in April 2016 and started research and explorations in various aspects in Blockchain area since March 2018. We cover various fields such as Blockchain technology research, industry analysis, application innovation and economic model explorations. We aim to establish a research platform and to offer theoretical foundations as well as judgements of trends in Blockchain to the public, ultimately promoting the development of the Blockchain industry.

Follow Us

Twitter | Medium | Facebook

Disclaimer

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

We know Blockchain.Huobi Research: At this stage, Sushiswap is very similar to the incentive layer of Uniswap