Evening Market Report July 22

BTC is consolidating sideways during the day, focus on the support of 32000 below in the evening

According to data from Huobi Global, BTC rose slightly during the day, up to 32257.70 USDDT. In the four-hour level picture, the K-line continues to be located above EMA 5, EMA 10 and EMA 20, with the three EMAs in an upward trend. The K-line is located between the upper and middle Bollinger band during the day, and the Bollinger band opening tends to expand. DIF is located above the DEA during the day, and is in an upward trend, with the DIF positive and DEA negative. CCI is hovering around the 100 line and the short-term trend line is flat. Volume is relatively depressed, the market may continue to rise slightly or sideways for a period of time. At the daily level, BTC is up slightly today. In the evening, continue to pay attention to the continuation of the uptrend and the breakthrough above 32300 and the support below 32000.

According to data from Huobi Global, ETH rose slightly during the day, up to 2018.00USDT, and may continue to consolidate sideways. The K-line is located above EMA 5, EMA 10 and EMA 20, with all three EMAs in an uptrend. The K-line is located between the upper and middle Bollinger band, with the Bollinger band opening expansion. DIF continues to be located above DEA during the day, with DIF positive DEA turning from negative to positive. Volume is relatively depressed. The market may move sideways. At the daily level, ETH is up slightly today. In the evening, continue to pay attention to the continuation of the uptrend and the breakthrough of 2100 above and the support of 1950 below.

In terms of contracts, the data of Huobi Futures showed that the big data of the fire currency contract shows that the BTC contract position is relatively stable, the contract turnover is slightly decreasing, and the contract market is relatively inactive. The basis difference of the delivery contract is relatively stable. ETH contract positions are relatively stable, contract volume is slightly decreasing, and the contract market is relatively inactive. The delivery contract spreads fluctuated slightly.

According to data from Huobi Club, today, the total locked position (TVL) of DeFi rose slightly to $74.91 billion today, and the real locked position rose slightly to $56.55 billion. Among them, PancakeSwap rose the most, reaching 12.81%. Total Defi trading volume rose slightly today to $3.69 billion. Among them, Uniswap V3 rose the most, reaching 58.46%.

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.

Twitter | Medium | Facebook

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