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09.04.202008:23 Forex Analysis & Reviews: Technical Analysis of BTC/USD for 09/04/2020:

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Crypto Industry News:

Microsoft warns hospitals at risk of ransomware attacks to prevent healthcare institutions from being overwhelmed by the COVID-19 pandemic. The company also published recommendations for hospitals to secure their systems and prevent such attacks.

Through a network of threat analysts, Microsoft states that it has "identified dozens of hospitals" with vulnerable virtual private networks and other publicly available applications on their systems:

Microsoft distributed "first-of-its-kind" targeted hospital notifications containing "important information about vulnerabilities, how attackers can exploit them, and a strong recommendation to apply security updates that protect them from security holes."

Hospitals were recommended to provide regular updates of the VPN configuration and firewall, better monitoring of remote access infrastructure, and enhanced violation response protocols.

It is recommended that they seek greater involvement of operational security specialists and plan regular audits. Microsoft is also participating in the 'Tech Against Corona' initiative with around a dozen technology companies to freely provide technology to the Dutch government to fight coronavirus - which includes efforts to help hospitals fight ransomware.

Some ransomware and darknet operators take a rare moral position among COVID-19. Both Maze and DoppelPaymer operators said they would not launch ransomware attacks on hospitals during a pandemic.

Technical Market Outlook:

After a dip towards the level of $7,028, the BTC/USD pair moved quickly back towards the recent high at the level of $7,392. Currently, the bulls are preparing to rally higher towards the level of $7,757 as the price consolidates the recent gains. Nevertheless, if the bearish pressure will intensify again, then the price might lose the momentum and move even lower towards the technical support located at $6,908 or even towards the level of $6,586.

Weekly Pivot Points:

WR3 - $8,726

WR2 - $7,938

WR1 - $7,363

Weekly Pivot - $6,545

WS1 - $5,997

WS2 - $5,159

WS3 - $4,567

Trading Recommendations:

The fear of the coronavirus consequences is very strong among the global investors and it rules on the financial markets. So far the global investors are not so keen to invest in Bitcoin and treat BTC as a digital gold. The larger time frame trend remains down and as long as the level of $10,791 is not violated, all rallies will be treated as a counter-trend corrective moves. This is why the short positions are now more preferred.

Exchange Rates 09.04.2020 analysis

Sebastian Seliga
Analytical expert of InstaForex
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