November 25th Market Analysis from LBank Derivatives
Bitcoin price, you can try to long it if you see sharp buybacks from the liquidity zone of $15800–16000. If sellers do not manage to lower the BTCUSD price below $16135 at all, it will be a super strong signal to buy, because it means that sellers are weak and buyers are aggressive.
So buyers can very quickly drive the BTCUSDT price into the liquidity zone of $19–20k
Resistance level to watch out for: $17.1k
Support level to watch out for: $15.7k
Ethereum’s (ETH/USD) earlier broke above the cup and handle pattern and moved upside by 4% and got reversed from the $1220 price level. In the current scenario, ETH again trading on a support zone level of $1170 which looks like a strong support zone at this time frame, here we can buy some at the current price level and add more if it drops downside.MACD also printed a bullish signal with a bullish crossover between the bands.
Resistance level to watch out for: $1300
Support level to watch out for: $1100
LBank perpetual contracts are settled in USDT and are not inverse contracts. There is no expiration or settlement of perpetual Contracts. Now we have BTC perp, ETH perp, Dot perp, Sol perp, and other over 100 kinds of popular coins online. The available leverage is between 1–125. 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.