November 4th Market Analysis from LBank Derivatives
BTC
BTC(BTC/USD)’s short-term support is $19,500–19,800, and short-term pressure is $20,500–20,900. BTC is still moving at the lower edge of the box of 20,000–21,000 US dollars. Let’s patiently wait for the market to give directions.
Resistance level to watch out for: $21k
Support level to watch out for: $20.4k
ETH
Ethereum’s (ETH/USD)’s short-term support is $1480–1500, and the short-term pressure is $1580–1630. As long as it does not fall below the key support area of $1420–1450, there is still a chance for a rebound.
Resistance level to watch out for: $2000
Support level to watch out for: $1500
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