February 10th Market Analysis from LBank Derivatives

BTC

The downward trend from the $25,200 high has ended and short-term prices have risen above the $21,500 level.

However, a 1-hour chart shows that the short-term trend has fallen below $22,330 and there is still a possibility of further decline if the rebound does not break through this level.

Resistance level to watch out for: $23,600

Support level to watch out for: $21,000

ETH

The downward trend from the $2,030 high remains unchanged for Ethereum, and short-term prices have risen significantly before testing the $1,680 level.

The result of the test will be watched closely. On a 1-hour chart, the short-term trend has fallen below $1,580 and there is still a possibility of further decline if the rebound does not break through this level.

Resistance level to watch out for: $1,680

Support level to watch out for: $1,200

There is no expiration or settlement of perpetual Contracts. We now offer $BTC, $ETH, $DOT, $SOL, and over 100 other popular cryptocurrencies as perpetual contracts.

Leverage is available between 1–125x. One of the key benefits of USDT-settled contracts is that you can easily calculate your returns in fiat. When the market suffers a wild fluctuation, this tool can help you lower your risk.

Click here to download it for iOS or Android

Website: https://lbank.com
Twitter: https://twitter.com/LBank_Exchange
Facebook: https://www.facebook.com/LBank.info/
YouTube: https://www.youtube.com/c/LBankExchange
Telegram: https://t.me/LBank_en
LinkedIn: https://www.linkedin.com/company/lbank
Medium: https://medium.com/LBank
Reddit: https://www.reddit.com/r/LBank2021/