October 21st Market Analysis from LBank Derivatives

BTC

The downward trend of BTC since the high point of 25200 has not changed, and the short-term price is still oscillating below $20600.

The 1-hour trend rebounded again after testing the trend line support. In the short term, we need to pay attention to the first resistance of 19260.

Resistance level to watch out for: $20.7k

Support level to watch out for: $18.1k

ETH

The downward trend of ETH since the 2030 high has not changed, and after breaking below the 1420 level, it is still oscillating below.

The 1-hour trend dropped to the trend line support and then rebounded again. In the short term, we need to pay attention to the first resistance at 1305.

Resistance level to watch out for: $1450

Support level to watch out for: $1250

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