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 failed miserably and is now trading below the 39000 level again.
The trading volume this weekend has been rather low compared to last week, it's almost half as much.
The daily technical situation is of course still negative with the MACD and WaveTrend pointing downwards. On a 4h time frame, the indicators are negative.
What to do?
BTC is now below its support zone turned resistance but still trading above the 37500 level, if we lose this level, the next stop will be the 34000 level. As you can see, it is still too dangerous to open a long position.
