September 30th Market Analysis from LBank Derivatives
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/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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