September 26th Market Analysis from LBank Derivatives

BTC

Still, the price was moving between 18500 and 19500 during the weekend. Every time retesting the support zone at around 18000, Bitcoin(BTCUSD) will bounce back to the major resistance zone at around 19500. Wait to see when this situation will end.

Resistance level to watch out for: $19.5k

Support level to watch out for: $18.5k

ETH

ETH(ETH/USD) is expected to follow the BTC(BTC/USD). There are no more independent market trends for Ethereum. The support level is $1280, the resistant level is $1370. You can just long at the bottom and short at the top.

Resistance level to watch out for: $1370

Support level to watch out for: $1280

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