BTC Update #BTC_Update What's new since the last update my d | 4C Trading News

BTC Update #BTC_Update

What's new since the last update my dear community? Well BTC has shown strength again in the previous session with a foray to 52600 and a fence around 52100.

The trading volume in the previous session was below its average level but relatively higher than in the consolidation period that preceded this increase.

The daily technical situation is once again positive with WaveTrend showing an upward trend. On a 4-hour time horizon, the situation is rather neutral with a WaveTrend that has already given a sales signal and a MACD that has not yet crossed.

What can be done?

For the moment the break seems reliable, but we still need more confirmation before opening a long position on retracement. In case of a larger retracement, the 40,000 remain valid!

https://www.tradingview.com/x/vN6lUlvs/

In the meantime, remain cautious, I wish you all an excellent day!

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