Evening Market Report September 13

According to data from Huobi Global, BTC was trading sideways and shaking around 45000 in the afternoon with sluggish volume. BTC fell slightly this morning without encountering significant resistance, and long side initiated a blockade in the afternoon. The afternoon K-line is a star line and a hammer line, indicating that the short side is still dominant but the momentum is weakening. 4H level looks like BTC fell out of the trapezoid area, and the original lower bottom of the trapezoid showed a blocking effect after being broken downwards. 3 EMAs started to diverge, showing a short alignment. The Bollinger band is slightly downward, with almost no change in the opening. The MACD double lines are close together again, and if there is a breakdown in the short control area, the market will face some pressure. The volume of the lower side of the breakout ladder is not large, and today’s decline is not large, whether it enters the downtrend remains to be seen. Daily level, BTC today is a small negative, the decline engulfed the previous two days gains, but the lowest price is slightly higher than the previous day’s level, the EMA5 blocking effect is stronger. Intraday concern about the continuation of the down market, pay attention to the support of 44200 and the blocking of 45100.

According to data from Huobi Global, ETH dropped 5.75% during the day. From the 4h line, EMA5 is lower than EMA10 and EMA20. The k-line runs near the lower rail of the Bollinger Bands, the Bollinger Bands opening slightly shrinks, and the trading volume drops. Judging from the daily line, ETH is currently a short negative line, located in the middle of the Bollinger Band. The energy column below the MACD line has an increasing trend, and the selling sentiment has increased.

In terms of contracts, the big data of Huobi Futures showed that BTC contract holdings declined slightly, contract trading volume declined slightly, and the contract market was relatively inactive. The basis of the delivery contract remained basically unchanged.

ETH contract holdings dropped slightly, contract trading volume dropped slightly, and the contract market was relatively active. The basis of the delivery contract is basically stable.

According to the data monitoring of Huobi Study Club, DeFi TVL dropped slightly, reaching $109.90 billion, and the actual TVL dropped slightly, reaching $81.9 billion. Among them, the top project has not changed much. Today’s total DeFi transaction volume dropped slightly to $3.37 billion.

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.

Follow Us

Twitter | Medium | Facebook

Disclaimer

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

Blockchain industry top think tank, affiliated to Huobi Group.

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

LBank Listing UCoin

Defi Enters To Crypto Bond Phase

Huobi Research Weekly (Vol.147) (2020.12.28–2021.1.3)

Alchemint Founder interview: Infrastructure project in Blockchain

what are NFT’s; A Beginner’s guide to understanding how NFT’s are valued

Infinto Wallet Version 1.14.0: All EOS Tokens Enabled

What we learned from auditing the top 20 ERC20 token contracts

MELD and VENT Present ADAmatic

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Huobi Research

Huobi Research

Blockchain industry top think tank, affiliated to Huobi Group.

More from Medium

Welcome to Dominion DAO

Jigstack Academy — What are Smart Contracts?

What Does Layer 2 Blockchain Mean for the Future of Crypto

2022 Crypto Theses