Evening Market Report September 18
BTC shaking in the evening, watching for a break above 49000.
According to data from Huobi Global, BTC rose slightly in the morning and entered a state of shock after lunch, currently located at 48500 line. From the 4h line, the K line in the EMA5, EMA10, EMA20 near running, EMA5 on through the EMA10, the formation of a golden cross, below 46700 support is more effective, the possibility of short-term fall below the support level is small. k line is currently running near the upper rail of the Bollinger band, the Bollinger band opening basically unchanged. Volume change is not much, DIF on through DEA, the gap between the two is not large, multiple potential gradually revealed. From the daily level, BTC is currently a short positive, basically reverse package of the first two days of decline, rising trend continues to maintain, short-term concern about the breakthrough above.
According to data from Huobi Global, ETH rallied slightly during the day and now sits near 3500. From the 4h line, all three SMAs are twisted upwards, and all three nearly overlap. k line is located near the middle rail of the Bollinger band, and the opening of the Bollinger band is basically unchanged. Volume is relatively depressed, DIF is located below DEA, the gap between the two is gradually decreasing, and the short-side momentum is slightly dominant. From a daily perspective, ETH is currently a short positive, upward momentum is not enough, continue to pay attention to the effectiveness of the support below and the subsequent volume situation.
In terms of contracts, the data of Huobi Futures showed that the open interest of BTC futures
remained stable, the volume increaseed slightly, and the contract market was relatively inactive. The basis of futures contracts remained stable.
The open interest of ETH futures decreaseed slightly, the volume decreased 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 slightly, it is up to $120.71 billion, and the real TVL increased slightly to $86.61 billion. Among them, the top programs have not changed much. Today’s total DeFi trading volume increased slightly and it is $3.19 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.
Investing in digital assets carries risks and this article does not constitute operational advice.