Evening Market Report September 14

According to data from Huobi Global, BTC rose slightly in the afternoon with little volume. After last night’s fierce struggle, BTC quickly stabilized this morning, and has maintained a mild upward trend after lunch, encountering resistance near 46200, and is now again sideways oscillation. 4H level seems to be a clear short-term uptrend for BTC, EMA5 has penetrated EMA10, or will continue to penetrate EMA20, Bollinger band slightly upward, opening almost no change, MACD double line continues to move upward. Bar increases, the short-side advantage is weakening. Today’s K-line upper shadow line are longer, there is still some resistance above, especially the resistance near 46200 is stronger, the market has not completely come out of the recent week of downtrend. At the daily level, BTC is close to a light-headed and light-legged medium-positive line today, with a strong blocking effect of EMA5, still in a downtrend. The evening is concerned about the continuation of the rising market, the support of EMA5 and the blocking of 46200. If it can continue to break the block of 46465, the possibility of the end of the downtrend will increase.

According to data from Huobi Global, the price of ETH rebounded slightly during the day by 3.91%. Although the market has a continuous upward trend, the resistance ahead is relatively large and the transaction volume has dropped. From the daily level, ETH is currently a short-term positive line, but it is still in a narrow downward channel. Looking at the four-hour level, the EMAs tend to be flat. Viewed from the Bollinger Bands, the K line is located between the middle rail and the upper rail, and the bell mouth has no obvious change. When DIF and DEA are both less than 0 but move upward at the same time, the upward market has started.

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

The ETH contract holdings remained basically unchanged, the trading volume decreased slightly, and the contract market was relatively inactive. The basis of the delivery contract remained unchanged.

According to data monitoring by Huobi Study Club, today’s total DeFi TVL remained basically unchanged, reaching $109.93 billion, and the real TVL remained stable, reaching $81.9 billion. Among them, the top project has not changed much. Today’s total DeFi transaction volume dropped slightly to $3.28 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.

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

Blockchain industry top think tank, affiliated to Huobi Group.

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Huobi Research

Huobi Research

Blockchain industry top think tank, affiliated to Huobi Group.

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