December 26th Market Analysis from LBank Derivatives

BTC

Looking at the BTC four-hour chart, the chart is still fluctuating around the $16,800 range of the 5-day and 10-day moving averages, within a very small range. From the perspective of the market, this week is also the last week of the year. If, if it can’t break through $17,000, there is still a risk of a downward trend in the future.

The long-term range has caused various MA indicators to stick together. The original downward channel has formed a range channel. If the price breaks through $17,000, it can boldly look up to the $17,500/18,000 line.

Resistance level to watch out for: $17k

Support level to watch out for: $16.5k

ETH

Looking at the ETH daily chart, KDJ continues to fluctuate upward, MACD continues to fluctuate sideways, and BOLL is fluctuating downward. Today, the fluctuation is not expected to be too strong.

Resistance level to watch out for: $1250

Support level to watch out for: $1217

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