November 23th Market Analysis from LBank Derivatives

November 23th Market Analysis

BTC

Yesterday the “CRV War” against the big CRV shorter makes the market alive again. BTC(BTC/USD) is currently in the $16189. If the rebound continues, the price of Bitcoin might reach the resistance level of $17050 If the trend reverses, then the price of Bitcoin may fall to $15660.

Resistance level to watch out for: $17.1k

Support level to watch out for: $15.7k

ETH

Ethereum’s (ETH/USD) After range price made a downward impulse from $1235 to $1075 level and then bounced up and broke the old resistance level. Now price trades near the new support level. It is expected that the price can retest the new support level and start growing.

Resistance level to watch out for: $1300

Support level to watch out for: $1100

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