Evening Market Report July 26

BTC traded sideways during the day, and the trading volume was relatively sluggish

According to data from the Huobi Global, after experiencing a rapid increase with expanding volume in the morning, BTC traded sideways at 38,300 within the day, digesting the previous increase. In four-hour level of picture, the K line continues to stay above EMA 5, EMA 10, and EMA 20 during the day, and the three EMAs show an upward trend. The K line continues to be located above the upper track of the Bollinger Band in the day, approaching and passing through the upper track of the Bollinger Band for a short time in the evening. DIF continues to be above DEA, and both are positive. CCI continues to stay above the 100 line. The trading volume is gradually sluggish, and the market may continue to rise. In day level of picture, BTC ushered in three consecutive positives today, with a large increase in the day, reaching 11.73%. In the evening, continue to pay attention to the continuation of the sideways trend and the breakthrough of 39,000 above and the support of 37,000 below.

According to data from the Huobi Global, after ETH experienced a rapid rise in the morning, it traded sideways at 2340 for the day, digesting the previous gains. In four-hour level of picture, the K line continues to stay above EMA 5, EMA 10 and EMA 20 in the day, and the three EMAs show an upward trend. The K line continues to be above the upper track of the Bollinger Bands during the day, approaching and passing down the upper track for a short time in the evening, the opening of the Bollinger Bands is obviously enlarged. DIF continues to be above DEA for the day, and both are positive. CCI continues to stay above the 100 line. The trading volume is gradually sluggish. The market may continue to rise. In day level of picture, ETH rose slightly today and is at a recent high. In the evening, continue to pay attention to the continuation of the sideways trend and the breakthrough of 2400 above and the support of 2260 below.

In terms of contracts, the data of Huobi Futures showed that the open interest of BTC futures remained stable. The volume rose slightly, and the contract market was relatively active. The basis of futures contracts rose slightly.

The open interest of ETH futures contracts remained stable. The volume rose slightly, and the contract market was relatively active. The basis of futures contracts rose slightly.

According to data from Huobi Study Club, today, DeFi TVL rose slightly and valued at $83.38 billion, the true locked value rose slightly and valued at $62.68 billion. Among them, Venus rose significantly, reaching 15.40%. Today’s total DeFi trading volume rose slightly and valued at $4.31 billion. Among them, Uniswap V3 rose significantly, reaching 91.22%.

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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