December 9th Market Analysis from LBank Derivatives

BTC

A positive angle BTC formed and quite neutral news background facilitated the recovery of the instrument to capture above 17400. Volumes are higher than average and the activity is rising to break the level of $17.1k. Watch the activity on the level of $17.1k closely.

Resistance level to watch out for: $17.1k

Support level to watch out for: $15.7k

ETH

ETH breaks above $1270 but is still under $1300 and is now correcting down. Buy either around 1276 or 1264 support level. RSI on 15M is near oversold, on 30M and 1H is near oversold and on 4H is overbought, which tells us that we may have still a small down move followed.

Resistance level to watch out for: $1300

Support level to watch out for: $1260

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