November 30th Market Analysis from LBank Derivatives

BTC

Currently, the BTC(BTC/USD) spiked above $16800 and we are expecting bullish from now. The resistance is 17400 and support is between 15100 to 15200. Keep the long position for a while if you have listened to our advice two days ago.

Resistance level to watch out for: $17.4k

Support level to watch out for: $15.1k

ETH

The Setup Is Clearly Bullish In The Midterm, Ethereum (ETH/USD) had a Pullback Above The Trend Line And Bounced Which Is a Good Sign For Bulls. There Is a High Sell Pressure At 1270$ Resistance, but still bullish in the midterm.

Resistance level to watch out for: $1270

Support level to watch out for: $1200

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.

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