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

BTC Update #BTC_Update

What's new since the last update guys? Well BTC is still trading around 38000 below the 39k resistance level.

The trading volume in the previous session was below its average level but significantly higher than the sessions before.

The daily technical situation remains positive with a bullish MACD and WaveTrend. On a 4h time frame, the indicators are also positive.

What to do now?

The bearish volume while prices are rising invites caution. It is likely that prices will reach the 42-44k area but given the general context, I have to remain bearish.

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

That is why I will open a short position on these levels. As usual stay safe, I wish you all a great day!