November 25th Market Analysis from LBank Derivatives

November 25th

BTC

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

ETH

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

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