BTC Update
BTC is now trading just above the fateful 20k level.
The trading volume in the previous session was below its average level but not by much. The latter was largely boosted by the incredible volume levels of the past week on Binance.
The daily technical situation remains positive with the MACD and WaveTrend pointing upwards. On a 4h time frame, the indicators are also positive despite signs of bearish curves visible on the WaveTrend.
What to do now?
BTC is now trading above its Wilder average but this is not enough to open a long term position. As long as we are neither below 17k nor above 24k, we will abstain.
Until then stay safe, I wish you all a great day!
