Morning Market Report July 15

BTC bottomed and then rebounded. Pay attention to the breakthrough of 33500 above.

According to the data from Huobi Global, BTC bottomed at 31500 and then rebounded rapidly, reaching the highest 33186.11 USDT. It is currently moving sideways around 32500 for a short period of time. The trading volume increases first and then decreases. In day level of picture, BTC ushered a short negative yesterday. The support was significantly stronger than resistance. Now BTC is presenting as a short positive, with a relatively sluggish trading volume. consecutive negatives. It is still uncertain whether the increase market may continue or not.

In four-hour level of picture, the K-line basically crosses EMA5, EMA10 and EMA20 in turn. The rebound covers previous decline and all EMAs move upward, indicating the long sides are getting stronger. From the analysis of the Bollinger Bands, he K-line is continuously located between the middle rail and the lower rail, approaching the middle one. Both of them tend to flatten. The bandwidth tends to shrink. BTC may be smoothly in the short term. DIF crosses DEA to form a golden cross, both of which are negative and move upward, indicating the downward energy is weaker. CCI is negative but the absolute value is decreasing. It crossed the -100 line yesterday and now is in a consolidation interval. In the afternoon, pay attention to the changes of the trading volume and the breakthrough of 33500 above and the support of 32500 below.

According to the data from Huobi Global, ETH bottomed and then rebounded rapidly, reaching the highest 2045.00 USDT. It is now moving sideways around 2000 for a short period of time. The trading volume is at a relatively high level. In day level of picture, ETH ushered a short negative, with a stronger support. It is now a short positive. In four-hour level of picture, the K-line crosses EMA5, EMA10 and EMA20 in turn. All EMAs move upward. From the analysis of the Bollinger Bands, the K-line is located between the lower rail and the middle rail, approaching the middle one. Both of them move upward and the bandwidth tends to shrink. DIF crosses DEA to form a golden cross, both of which are negative and move upward. CCI is negative and crosses the -100 line. In the afternoon, pay attention to the changes of the trading volume and the breakthrough of 2050 above and the support of 1950 below.

In terms of contracts, the data of Huobi Futures showed that the open interest of BTC futures remained stable. The trading volume decreased slightly and the market is inactive. The basis of futures contracts decreased slightly.
The open interest of ETH futures contracts decreased slightly. The trading volume decreased slightly and the market is inactive. The basis of futures contracts decreased slightly.

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

Blockchain industry top think tank, affiliated to Huobi Group.