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 came to test 40500 over the weekend but is now trading back below 39000.
The trading volume in the previous session was above its average level, which is not necessarily a good sign.
The daily technical situation remains negative with MACD and WaveTrend pointing down. On a 4h time frame, the indicators are negative as well.
What to do?
BTC must absolutely break back above 40k if it is to have any chance of resuming the upward direction. As long as we stay below it, the probability of a fall remains too high to open a long position.
