November 2nd Market Analysis from LBank Derivatives
BTC
BTC(BTC/USD) price is currently consolidating below $20,650. RSI also shows Hidden bullish divergence which is a positive sign and soon we may see some bullish movement in BTC price. The next major resistance is still near $21,000, above which the price may perhaps start a fresh surge
Resistance level to watch out for: $21k
Support level to watch out for: $20.4k
ETH
Ethereum’s (ETH/USD) price is following the BTC price. FOMC today is going to create a lot of volatility in all the markets. Be careful, traders!
Resistance level to watch out for: $2000
Support level to watch out for: $1500
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