Evening Market Report July 6

BTC rose rapidly and the traded sideways during the day, and pays attention to the breakthrough of 35300 above.

According to data from the Huobi Global, BTC rose rapidly and then formed a sideways range at 34,800 to digest the previous gains within a day. In four-hour level of picture, the K line continuously crosses EMA 5, EMA 10 and EMA 20 in a day, and EMA 5 continuously crosses EMA 10 and EMA 20 to form a golden cross. The K line passes through the middle track of the Bollinger Band within a day, approaching the upper track, and the opening of the Bollinger Band shrinks slightly. DIF turns from negative to positive and stays below DEA continuously, or it will cross DEA upwards in a short time. The trading volume is relatively sluggish, and the market may rise slightly. In day level of picture, From the daily level, BTC rose slightly today, and basically reversed 2/3 of yesterday’s decline. In the evening, continue to pay attention to the continuation of the upward trend in the evening and the breakthrough of 35300 above and the support of 34200 below.

According to data from the Huobi Global, ETH rose rapidly and then traded sideways for a short time near 2320 within a day. It currently peaks at 2347.79USDT, and has a continuing upward trend. In four-hour level of picture, the K line continuously crosses EMA 20, EMA 10 and EMA 5 in the day, EMA 5 crosses EMA 10 upwards to form a golden cross, and the three EMAs rise steeply. The K line passes through the middle track of the Bollinger Band within a day, and approaches the upper track, and the Bollinger Band opens flat. DIF continues to stay below DEA for a day, or it will cross DEA upwards in a short time, both of which are positive. The trading volume is relatively sluggish. The market may rise slightly. In day level of picture, ETH rose slightly today, which basically reversed yesterday’s decline. In the evening, continue to pay attention to the continuation of the upward trend and the breakthrough of 2390 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 Club, today, DeFi TVL remained stable and valued at $80.50 billion, the true locked value remained stable and valued at $59.13 billion. Among them, Synthetix rose significantly, reaching 34.45%. Today’s total Defi trading volume rose slightly and valued at $2.93 billion. Among them, Uniswap V3 rose significantly, reaching 12.45%.

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Disclaimer

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