September 30th Market Analysis from LBank Derivatives

BTC

BTC(BTC/USD) successfully defend the support line at $18000. The price now moves steadily between $19400 and $19600. It increases the chance of forming the “double bottom” here. The resistance level and support level remain the same.

Resistance level to watch out for: $20k

Support level to watch out for: $18k

ETH

ETH(ETH/USD) is still following BTC right now. From the “1-hour” chart, ETH and BTC show the same pattern. This situation is expected to last for a while if nothing significant happens.

Resistance level to watch out for: $1400

Support level to watch out for: $1250

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