Evening Market Report September 26

According to data from Huobi Global, BTC rallied in the late afternoon, reaching a high of 43,926 USDT on enlarged volume. Today’s low price is slightly higher than the lowest price on the 24th. The K-line penetrated 3 EMAs in one fell swoop, and all 3 EMAs turned upwards, resulting in a strong short-term price rebound. The Bollinger band is flattened, the opening is slightly enlarged, the K-line penetrates the middle rail. if the K-line can stand firm in the middle rail, it is expected to build up strength to break through the downward channel. Daily level, BTC today is a hammer line, the lower shadow line is very long, EMA5 flattened, the downtrend slowed. Intraday attention to the continuation of the rising market, attention to the support situation of 40700 and 44000 blocking situation.

According to data from Huobi Global, today ETH continued to fall and then rebounded, as low as 2736 USDT, and trading volume has increased. In terms of daily level, ETH is currently a positive line. Looking at the four-hour level, the EMAs are arranged in long positions. Viewed from the Bollinger Band, the K line is located on the lower rail, and the trend of the bell mouth remains unchanged. DIF and DEA have been in a basically coincident state for a long time, and the long side and the short side have exerted their strength at the same time, which is comparable. In the evening, continue to pay attention to the changes in trading volume and the upward trend of Ether.

In terms of contracts, the big data of Huobi Futures showed that BTC contract holdings have basically rebounded, trading volume has decreased slightly, and the contract market is relatively inactive. The basis of delivery contracts dropped slightly.

The ETH contract holdings decreased slightly, the trading volume decreased slightly, and the contract market was relatively inactive. The basis of delivery contracts dropped slightly.

According to data monitoring by Huobi Study Club, the total DeFi lock-up volume (TVL) dropped slightly to $108.2 billion, while the actual lock-up volume dropped slightly to $77.1 billion. Among them, the amount of PancakeSwap locked up increased by 25%, and the TVL of other top DEXs all declined. Today’s total DeFi transaction volume rose slightly to $3.32 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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Disclaimer

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

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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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