November 7th Market Analysis from LBank Derivatives
BTC
The whole market is going downward mainly because (FTX token) is dropped more than 10% after the news that Binance could dump their FTT holdings. The most important levels for BTC are 20.8K and 20k.
Resistance level to watch out for: $21k
Support level to watch out for: $20.8k
ETH
Ethereum’s (ETH/USD)The downtrend line of the RSI has been broken on the weekly time frame. We can wait for a pullback to 1350–1450 and then the uptrend will start.
Resistance level to watch out for: $1680
Support level to watch out for: $1450
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