Evening Market Report September 3

BTC is moving up after intra-day shakeout, focus on whether it can stand stable at 50,000.

According to data from Huobi Global, Looking at the 4h line, BTC oscillated and ran around EMA5 with strong support around 48300 below, and moving up quickly and breaking the 50,000 barrier in the evening. In the evening on EMA5, the averages are running steeply upwards. Concern whether the breakout above can be sustained.The K-line is currently running between the upper and middle rails of the Bollinger band, which is opening up sharply.Volume is little changed from yesterday, DIF on through DEA, the upward trend has slowed down, the multi-party momentum prevails.
From a daily perspective, BTC is a short positive today, and is now gradually approaching the upper rail of the Bollinger band, the three averages have an upward trend, short-term long sentiment prevails, or will continue to move upward, concern about whether it can stand 50,000 stablely.

According to data from Huobi Global, ETH continued yesterday’s uptrend during the day, breaking the 3900 line in the evening, currently at a high of 3972.61 USDT. From the 4h line, the three averages are all upward. The k-line is running between the upper and middle rails of the Bollinger bands, with the Bollinger bands opening parallel to the upside and no significant change in size. Volume is slightly higher than yesterday, DIF continues to sit above DEA, the upward trend of both slowed down.From a daily perspective, ETH is currently positive, continue to stand firm on the upper rail of the Bollinger band, the bullish mood is high, continue to pay attention to the above breakthrough situation.

In terms of contracts, the data of Huobi Futures showed that the open interest of BTC futures
remained stable, the volume decreased 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 increased significantly, and the contract market was relatively inactive. The basis of futures contracts remained stable.

According to data from Huobi Study Club, DeFi TVL continued to rise, it is up to $124.99 billion, and the real TVL decreased slightly to $93.74 billion. Among them, the top programs have not changed much. Today’s total DeFi trading volume decreased slightly and it is $4.35 billion.

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Disclaimer

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