BTC is slightly shaken in the evening, watching for a break above 47500.
According to data from Huobi Global, BTC is now in a small oscillation state after a small price recovery yesterday. From the 4h line, it is currently running above the EMA5, with a relatively smooth trend and strong support near 46500 below, with the three averages running slightly upwards; the K-line is currently running between the upper and middle rails of the Bollinger band, the Bollinger band opening slightly expanded; volume is little changed from yesterday, the DIF continues to be located above DEA, the multi-party momentum prevails, the short-term upward pattern or will continue. From a daily perspective, since September 13 after the release of the pin, BTC rose yesterday, today is still positive, short-term retracement trend or will end, continue to pay attention to the effective situation of the support below and the breakthrough above.
According to data from Huobi Global, ETH fell slightly during the day and was in a slight oscillation in the evening, as yesterday’s upward pattern failed to hold. From the 4h line, the three averages are gradually converging and leveling off. k-line is running near the middle rail of the Bollinger band, and the opening of the Bollinger band is basically unchanged. Volume is relatively depressed, and DIF is located above DEA, but the gap between the two pulling apart is not large. From a daily perspective, ETH is currently a positive cross, the resistance above 3450 is strong, continue to pay attention to the effective situation of the support below and the subsequent volume.
In terms of contracts, the data of Huobi Futures showed that the open interest of BTC futures
remained stable, the volume decreaseed slightly, and the contract market was relatively inactive. The basis of futures contracts remained stable.
The open interest of ETH futures increaseed slightly, the volumeincreased slightly, and the contract market was relatively inactive. The basis of futures contracts remained stable.
According to data from Huobi Study Club, DeFi TVL increased significantly, it is up to $117.14 billion, and the real TVL increased slightly to $86.60 billion. Among them, the top programs have not changed much. Today’s total DeFi trading volume decreased slightly and it is $3. 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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