Evening Market Report July 15

BTC fell slightly during the day. Pay attention to the support of 31500 below

According to data from the Huobi Global, BTC fell slightly during the day, and the downward trend accelerated in the evening, and the current lowest is 31919.87USDT. In four-hour level of picture, the K line continuously crossed EMA 5, EMA 10 and EMA 20 downwards during the day, and the three EMAs showed a downward trend. The K line continues to be located between the lower track and the middle track of the Bollinger Band, and the opening of the Bollinger Band shrinks slightly. DIF basically coincides with DEA, and both are negative. CCI crosses the -100 line downwards. The trading volume is relatively sluggish, and the market may decline slightly. In day level of picture, BTC ushered in four consecutive negative today. In the evening, continue to pay attention to the continuation of the downtrend and the breakthrough of 32900 above and the support of 31500 below.

According to data from the Huobi Global, ETH fell slightly during the day, and the downward trend accelerated in the evening, with the current lowest being 1918.25USDT. In four-hour level of picture, the K line continuously crossed EMA 5, EMA 10 and EMA 20 downwards during the day, and the three EMAs showed a downward trend. The K line continues to be located between the lower track and the middle track of the Bollinger Band, and the opening of the Bollinger Band shrinks slightly. DIF continues to stay above DEA for the day, but the difference between the two continues to shrink, and both are negative. The trading volume is relatively sluggish. The market may decline slightly. In day level of picture, ETH ushered in four consecutive negative today. In the evening, continue to pay attention to the continuation of the downtrend and the breakthrough of 2000 above and the support of 1860 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 $76.00 billion, the true locked value remained stable and valued at $56.86 billion. Among them, the top programs have not changed much. Today’s total Defi trading volume remained stable and valued at $3.33 billion. Among them, Curve rose significantly, reaching 76.72%.

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.

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Disclaimer

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

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