September 23rd Market Analysis from LBank Derivatives

BTC

After retesting the support zone at around 18000, Bitcoin(BTCUSD) bounced back to the major resistance zone at around 19500. The price is creating a range blow the supply zone. It is expected to see a spike above the supply zone to start with a bearish impulse. Only the price could stable above 20000 might make a heavy pump after.

Resistance level to watch out for: $20k

Support level to watch out for: $18.5k

ETH

It is expected that ETH(ETH/USD) will go down a little bit to retest the support line around 1300 and then spike above the green line in the chart to start with a bearish impulse. At best, maybe we can stay positive for this weekend before the next bearish wave come.

Resistance level to watch out for: $1400

Support level to watch out for: $1280

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