Market analysis: Bitcoin rebounded but failed to rise, and the idea of ​​​​altitude remains unchanged until 9400 is broken

News: Cybersecurity company ClearSky revealed in a report yesterday that the same hacker group "CryptoCore" stole about $200 million worth of cryptocurrency from multiple exchanges. They acted quickly and efficiently, but their skills were not very good. Usually, this group uses spear phishing attacks to send emails to a supervisor through an account that looks like a real senior employee, either from the same organization or from their partners. Once the network is infiltrated, the group will install malware and enter the executive's password manager account-all the keys to the cryptocurrency wallets are stored there.

Then they will wait until the multi-factor authentication is cancelled, and then immediately transfer all the funds in the wallet. This will undoubtedly have a certain impact on the future of cryptocurrency. At the same time, Chu Chu reminds everyone to be cautious and not to click on links and emails without confirmation, so as not to affect their own property.

Technically: From the daily chart, yesterday's K-line closed negative, but the real part was narrow. After the price rebounded to around 9000, the downward momentum of the market gradually slowed down. Currently, the 5-day moving average and the 10-day moving average are hooked down near 9400, forming a suppressive trend. If there is no major breakthrough in the future, once the upper resistance moves down, the price will fall back. The current Bollinger Bands are opening downward, the upper resistance of 9400 is strong, and the lower track is opened again, so it is recommended not to chase the rise, and the price is still expected to pull back within the day.

On the short-term four-hour chart, the Bollinger Bands remain open downward, and the price fluctuates around the five-day moving average. From the overall trend, once the price falls below 9100, the downward trend will continue. If it goes further down, it is possible to break the key support of 9000. In the attached chart, MACD slowly moves downward below the zero axis, RSI hooks slightly downward below the 50-level line, and the two Stoch lines cross below the 40-level line. In summary, the overall trend is currently a volatile downward trend, so the operation recommendation is to focus on high-altitude and low-multiple. Pay attention to 9400 for upper resistance and 9000 for lower support.

Trading suggestions for Bitcoin: When the price rebounds to around 9350, enter with a short position, stop loss at 9420, and take profit at 9250-9200. When the price is around 9160, enter with a long position, stop loss at 9100, and take profit at 9300. If it breaks through 9100, continue to short, take profit at around 9000, and continue to hold if it breaks.

Ethereum (ETH) is slowly moving downward from the 234-235 suppression position. The current price is around 233. The overall trend is a fluctuating downward trend. It is recommended to buy at high altitude. If there is a subsequent rebound, it is recommended to buy at the 234-235 suppression position, with a stop loss of 237 and a take profit of around 230. If the 230 support is broken, continue to buy and the take profit can be 227-228.

The situation of BCH is not optimistic. From the four-hour chart, the K-line has been negative for three consecutive times. Although the shadow line below is long, the overall trend is downward. The indicators in the attached figure are also increasing in volume, so the operation is recommended to be high-altitude. Pay attention to the 235 position from above. If it is touched, you can consider entering the short position, stop loss at 237, and take profit at 231.

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