The Bitcoin exchange rate managed to hold its position and remains in the area of 6200 USD even after yesterday's news that the largest exchange in terms of daily trading Binance was successfully attacked by hackers. As a result, more than 7,000 bitcoins were stolen from hot wallets (approximately $40 million), while cold wallets were not affected. Currently, the stock exchange suspended the withdrawal of funds for a week.
Signal to buy Bitcoin (BTC):
Buyers continue to look at the level of 6240, the consolidation of which will lead to an update of the highs in the area of 6360 and 6440, where I recommend fixing profits. Also, a good signal to buy is to hold the intermediate support of 6010, but to open long positions immediately on the rebound is best to post a minimum test in the area of 5777.
Signal to sell Bitcoin (BTC):
The formation of a false breakdown at a maximum of 6240 will be the first signal to sell Bitcoin in order to test the support of 6010 and update the minimum of 5777, where I recommend fixing the profit. With further growth in the resistance trend, they settled in the area of 6360 and 5430.
The material has been provided by InstaForex Company - www.instaforex.com