Evening Market Report July 27

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

According to data from the Huobi Global, after BTC fell in the early morning, it traded sideways at 37200 within the day. In four-hour level of picture, the K line crossed EMA 10 within a day and EMA 5 for a short time. It continued to stay above EMA 20, and the three EMAs tended to be flat. The K line continues to be located between the middle track and the upper track of the Bollinger Band, and the opening range of the Bollinger Band is basically the same as yesterday. DIF and DEA basically overlap, and both are positive. The trading volume is relatively sluggish, and the market may trade sideways for a period of time. In day level of picture, BTC fell slightly today, and basically reversed 1/3 of yesterday’s increase. In the evening, continue to pay attention to the continuation of the sideways trend and the breakthrough of 38000 above and the support of 36500 below.

According to data from the Huobi Global, ETH’s morning decline was supported near 2160, and it rose slightly during the day. In four-hour level of picture, the K line has crossed EMA 20 within a day, and is currently close to EMA 5 and EMA 10. EMA 5 and EMA 10 are almost overlapped, and the three EMAs tended to be flat. The K line passes through the middle track of the Bollinger band within a day, and is currently located between the middle track and the upper track, and the opening of the Bollinger band is flat. DIF continues to stay below DEA for the day, and both are positive. The trading volume is relatively sluggish. The market may trade sideways. In day level of picture, ETH dropped slightly today. In the evening, continue to pay attention to the continuation of the upward trend and the breakthrough of 2300 above and the support of 2120 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 rose slightly.

According to data from Huobi Study Club, today, DeFi TVL remained stable and valued at $80.96 billion, the true locked value remained stable and valued at $60.94 billion. Among them, Venus rose significantly, reaching 10.47%. Today’s total DeFi trading volume decreased slightly and valued at $4.40 billion. Among them, Uniswap V3 decreased significantly, reaching 18.49%.

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.

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