November 21st Market Analysis from LBank Derivatives
BTC
BTC(BTC/USD) broke the symmetrical triangle and the Bias is bearish. If BTC closes candles below the key support zone around 15700 we may see BTC dropping to the 14K-13K zone.
Resistance level to watch out for: $17.1k
Support level to watch out for: $15.7k
ETH
Ethereum (ETH/USD) shows a solid downward trend. FTX hacker keeps dumping ETH on the market. On the other hand, Grayscale won’t share proof of reserves, citing ‘security concerns. Are we near the bottom? Look carefully at the support for around $1100.
Resistance level to watch out for: $1300
Support level to watch out for: $1100
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