According to the analysis of Ou Yi OKEx Investment Research, yesterday BTC suddenly fell heavily after rebounding and continued to be under pressure at 34500. After breaking through the support of 33900, it stopped falling at 33300. It failed to start an effective rebound this morning. The currency price continued to weaken after it rose slightly to around 34,300. It has now shown signs of re-testing the 33,000 support. After the failure to hit 36,000 last weekend, the overall 1-hour level trend has once again entered the downward range. Based on the current situation, 32700 may become a key position in the second half of this week. If it breaks below or will continue to test 31000, if it does not break, there is a probability that it will continue to stand above 35000. Enlarging the cycle to the daily level, the MACD has come out of a continuous top divergence pattern. If the short-term bulls cannot continue to correct the divergence, it will be a high probability event that the trend drops to 29,000.
ETH also failed to initiate an effective rebound. It seems that the new mainnet upgrade has already materialized, and it is temporarily under pressure near the resistance near 2260. Support can be temporarily focused on 2190 and 2150. SOL short-term pressure is at 34.4, and support is located near 32.3 and 31.5. DOGE continues to weaken for a short time, support can be concerned about 0.226 and 0.216, resistance can continue to focus on 0.238. SHIB support can pay attention to 0.00000815, resistance pay attention to 0.00000867 and 0.00000889.
According to data from CoinGecko, an international third-party statistical agency, the 24-hour contract transaction volume on the Ouyi OKEx platform is USD 13.1 billion.
Huobi Research Institute:
According to data from Huobi Global, BTC continued its intraday downward trend last night, starting to rebound after the lowest point of 33128.99USDT, and currently oscillating near the 34000USDT line, with no significant increase in trading volume. Judging from the daily level, BTC received the mid-yin line yesterday, with strong resistance above it; it is currently a short-yang line, and the price has returned to 1/3 of the previous day’s decline.
Looking at the four-hour level, the K line continued to stay below EMA10 and EMA20 last night, passing through EMA5 back and forth, and the three EMAs went down steadily. From the perspective of Bollinger Bands, the K line is always located between the middle rail and the lower rail, and is now gradually approaching the middle rail. The three rails tend to be flat, and the opening has no tendency to enlarge or shrink. DIF continues to stay below DEA and turns from positive to negative, both of which are moving downwards. DEA has a tendency to become negative, and the difference between the two has slightly expanded, indicating that the market has a greater downward momentum. In the afternoon, continue to pay attention to the changes in trading volume and the breakthrough of 34500USDT above and the support of 33000USDT below.
According to data from Huobi Global, the trend of ETH and BTC are roughly the same. Last night, ETH fell first and then rebounded slightly. The lower edge of the shock range was at 2150 USDT and the upper edge was at 2250 USDT. At present, in the sideways consolidation phase, there is no significant increase in trading volume. Judging from the daily level, ETH received the Zhong Yin line yesterday; it is currently a short Yang line, and the price rebounded slightly. From the four-hour level, the K line is basically located below EMA10, crossing EMA5 and EMA20 back and forth, and EMA5 and EMA20 tend to overlap, and the three EMAs tend to be flat. From the perspective of the Bollinger Bands, the K line is basically located between the middle rail and the lower rail, passing through the middle rail back and forth, the three tracks tend to be flat, and the openings of the Bollinger bands have a shrinking trend. DIF continues to stay below DEA. Both are down but always positive. The difference between the two first widens and then narrows, and the market’s upward momentum has weakened. In the afternoon, continue to pay attention to the changes in trading volume and the breakthrough of 2300USDT above and the support of 2150USDT below.
In terms of contracts, the big data of Huobi Contract showed that the open interest of BTC contracts was basically stable, the trading volume declined slightly, and the contract market was not active. The basis of delivery contracts dropped slightly.
The open interest of ETH contract dropped slightly, the trading volume dropped slightly, and the contract market was not active. The basis of delivery contracts dropped slightly.
According to Gate.io contract transaction data, as of 10:25 on July 06, the BTC/USDT perpetual contract price was $33764.55 and the spot price was $33,779.50. The price of the perpetual contract was declining compared to yesterday by -1.88%. BTC/USDT perpetual contract funding rate (only settlement every 8 hours) is 08:00 (0.0001), and 00:00 in the previous period is (-0.000199).
The long-short ratio of the BTC/USDT perpetual contract within 30 minutes is 45.04%: 54.96%. In terms of holdings and transactions, the total holdings reached 21,241,674USDT, and the trading volume in the past 24 hours rose to 557,311,556USDT. Looking at the 30-minute line, the BTC contract price began to fall back from yesterday morning. During the period, it competed for nearly 8 hours at around 34,000 USD, and then started the downward trend again. The lowest level reached around 33,100 USD before rebounding, which shows that the market is bearish sentiment. The stage is relatively easy to stimulate, and the range of the weekend’s rebound is being eaten up by the Air Force. The MACD indicator runs near the zero axis on the double line, and the state is stuck. There is a certain possibility of ending the shock and starting to emulate the rebound in the short term. However, the offensive energy is obviously insufficient on the whole, and the rebound range is relatively limited. The probability of continuing the downward test in the day is even greater. Moreover, pay attention to the first-line support of 33,000 US dollars. The recent market volatility has been large. Please pay attention to control risks during operation.
Contract market data:
1. Trading volume and open interest of each exchange:
2. Long-short ratio of the number of positions held on major exchanges
The ratio of OKEx long and short positions:
Binance long-short position ratio:
Source: Contract Emperor
After the BTC price rebounded last night, the long-short ratios of OKEx and Binance also stopped their downward trend and maintained their shocks.
3. Long-short ratios of open interest on major exchanges
OKEx Elite long and short average positions:
Long-short ratio of large Binance accounts
Source: Golden Fruit
Long-short ratio of Huobi Elite holdings
Source: Golden Fruit
The elite positions of the top exchanges show the differences among investors when the market fluctuates. As the price of BTC rebounded, OKEx’s elite positions began to be dominated by longs, and the advantage expanded in early trading; Binance’s elite positions still showed long control status today; Huobi’s elite positions continued to be controlled by shorts.
1. Ma Yun, Cai Chongxin family wealth management fund Blue Pool Capital invested in NFT developer Animoca Brands.
2. The British banking giant Barclays banned its users from making payments to Binance. Binance responded to its disappointment at Barclays’ “unilateral actions” to prevent customers from making payments.
3. The Bank of France stated that it has completed the fifth CBDC experiment, and other related experiments are in progress.
4. The Ukrainian online bank Monobank plans to offer bitcoin transactions in July.
5. The Bitcoin Whale address accumulated 60,000 BTC in a single day on July 3, a record in 2021.
6. Developer: Instagram is committed to implementing the NFT function on its application.
7. Bitcoin.org suffered a large-scale DDoS attack.
8. NFT sales rose to 2.5 billion US dollars in the first half of this year.
9. Securities Daily: The industrial blockchain is booming.
10. The South African Financial Industry Conduct Authority (FSCA) classifies Africrypto as a “Ponzi scheme.”
11. The Global DeFi Alliance proposed to FATF six recommendations to regulate the DeFi industry.
12. Data: Ethereum reserves on all exchanges reached a 2.5-year low.
13.CoinShares: Crypto funds have ended five consecutive weeks of capital outflows, and institutional investors are bullish again.
14. EthHub founder Sassano: It is expected that the ETH mainnet London upgrade date will be discussed at the core developer meeting over the weekend.
Posted by:CoinYuppie，Reprinted with attribution to:https://coinyuppie.com/contract-daily-btcs-rebound-appears-to-be-incapable-of-catching-and-the-daily-need-to-beware-of-falling-again/
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