BTC update #BTC_Update What's new since the last update? Wel | 4C Trading News

BTC update #BTC_Update

What's new since the last update? Well BTC is still trading around 36600 after touching 38900 in the previous session.

The trading volume in the previous session was above its average level, showing the selling strength around 39k.

The daily technical situation remains neutral, with a negative MACD and a bullish WaveTrend. On a 4-hour time frame, the indicators are rather negative as well.

What to do now?

For now BTC seems to be establishing a new range between 32 and 38k. We can open a short position on a retest of 42k to target 34k.

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

In the meantime stay safe, I wish you all a great day!