BTC: high volatility

Bitcoin remained volatile around 27767. Blockchain security company DWalletLabs discovered that a zero-day vulnerability in the TRON multi-signature account put more than $500 million in digital assets at risk. This vulnerability allows any signer (with any weight) of the multi-signature account Fully overcome the multi-signature security provided by TRON, regardless of the threshold and number of signers defined in the account. The bug has now been disclosed and fixed, so no user assets are now at risk.

Bitcoin BTCUSD - 4-hour K-line chart shows:

Looking at the 4-hour chart: short-term high volatility within a narrow range, the market as a whole has signs of continued high-level narrow-range volatility, the MACD indicator is at a high level in the bullish area, and the RSI indicator is hovering weakly above the 50 balance line;

Resistance level: 27929 28109

Support level: 27448 27273

Trading strategy: Bullish above 27642, target 27929 28109

Alternative strategy: bearish below 27642, target 27448 27273