Evening Market Report September 23
BTC continues to rise, watch for a breakout above 44500.
According to data from Huobi Global, BTC has continued its upward trend from yesterday so far, and is currently moving relatively smoothly, located near 44000. From the 4h line, EMA5 runs steeply upward and penetrates EMA10, forming a golden cross; K-line runs near the upper and middle rails of the Bollinger band, and gradually approaches the upper rail, and the Bollinger band opening narrows significantly; volume is lower than yesterday, DIF penetrates DEA, both of which run upward, and the multi-party momentum gradually reveals itself. From the daily level, BTC is currently a short positive, the validity of the support level 39500 is verified, the short-term has stopped falling and entered the consolidation phase, the follow-up can focus on the breakthrough above.
According to data from Huobi Global, ETH continued to rally during the day with a steady trend. From the 4h line, EMA5 crossed EMA10 and EMA20, forming a golden cross. The k-line is running between the middle and upper Bollinger band, and the opening of the Bollinger band has narrowed slightly. Volume is down from yesterday, and DIF is moving steeply upward through DEA. From a daily perspective, ETH rallied stronger today, up about 3.54%, and has now stabilized the short-term support level, concerned about whether the follow-up can continue to maintain the uptrend.
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 remained stable, 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 decreased significantly, it is up to $114.10 billion, and the real TVL decreased slightly to $83.96 billion. Among them, the top programs have not changed much. Today’s total DeFi trading volume increased slightly and it is $3.57 billion.
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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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