Hello, this is Coinscript.

In today’s episode:

• Bitcoin’s downtrend and support levels explained (in plain English)

• New scam hackers use to get their hands on your crypto!

Hey Bitcoin, what is going on?

It seems we’re in the downtrend with Bitcoin again.

But don’t worry, Coinscript is here to explain what it means and what to expect, so you can just sit back and relax.

Bitcoin failed to break the $100k resistance level, which triggered the downside.
As a result, the $90k support level is likely the target in the short term.

Let me break it down for you.

Support levels are numbers (usually round) that traders believe Bitcoin might stop falling when it hits that price.

What affects support levels?

/1 Market sentiment: If traders are optimistic (which we believe they are), they’ll start buying again when the price reaches the support level.

On the other hand, if the traders are pessimistic they might sell, breaking the support in the process.

(PRO tip: It is possible for the price to fall below $90k, if it happens, do not let your emotions take over your trading.)

/2 Volume: The amount of trading happening can strengthen or weaken the support. More trading = more reinforced support levels.

/3 News and events: Big news has a big impact on people and their feelings towards Bitcoin, which can affect the support levels if those people start selling or buying.

However, expect volatile prices in the upcoming weeks and do not make any irrational decisions.

Job interview or a big ol’ scam?

Crypto hackers have found a new, slick way to steal all of your coins. Blockchain sleuth Taylor Monahan, known as Tay on X, shared how they do it.

Victims were messaged on LinkedIn or other hiring platforms about job openings from “recruiters” of some of the most reputable companies like Gemini, Kraken, etc.

Instead of prompting you to download a PDF containing malware, the method involves having the victim follow instructions to fix a microphone and video access for their interview, injecting the malware.

Like Tay explained on X, following their instructions to fix the microphone will literally F**k you.

To avoid scams, please be very careful when downloading or “fixing” programs on the Internet. Otherwise, you WILL get rekt.

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.