From the LBank blog.
In the short term, BTC has broken through the resistance level of $23,900 and is currently hovering above it.
If it does not break below this level in the future, there is still a possibility for continued upward momentum, with resistance levels to watch out for at $26,800 and $27,660.
However, if BTC does break below $23,900, it may trigger a pullback with support levels to watch at $22,700 and $21,350.
$ETH has also broken through the resistance level of $1,650 and continued to rise.
If it does not break below this level in the future, there is still a possibility for continued upward momentum, with resistance levels to watch out for at $1,810 and $1,870.
However, if $ETH does break below $1,650, it may trigger a pullback with support levels to watch at $1,580 and $1,470.
Overall, the short-term outlook for $BTC and $ETH is positive if they maintain their respective resistance levels.
Investors should keep an eye on these levels to make informed trading decisions. However, a break below these levels may indicate a shift in market sentiment and trigger a pullback.
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Disclaimer: The opinions expressed in this blog are solely those of the writer and not of this platform.
This article came directly from the LBank blog, found on https://lbank-exchange.medium.com/march-17th-market-analysis-from-lbank-derivatives-a08e2baf9444?source=rss-87c24ae35186——2