December 5thMarket Analysis from LBank Derivatives
Let’s take a look at the 1D timeframe of the BTCUSDT chart. We can expect the pump to $18k. Now Bitcoin is printing wave 4 inside wave 3. The maximum target for wave 4 is $18k (just below wave 1 bottom).
Resistance level to watch out for: $18k
Support level to watch out for: $15.8k
There is a rumor that The Shanghai Upgrade will be postponed to next year, which is good news for the short term as stakes can not get their funds(staked ETH) back before the upgrade. The rest is still following BTC.
Resistance level to watch out for: $1300
Support level to watch out for: $1260
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