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 is still trading below the fateful $24,000 level after testing this resistance a week ago.

The volume of trading so far made it look like a normal consolidation after a bullish push but yesterday's spike when the support was broken is not good at all.

The daily technical situation remains negative as even though the MACD has not yet given a sell signal, we can already see signs of a fairly sharp downward bend. On a 4h time frame, the indicators are negative.

What should we do?

For now BTC is back in its range and has fallen back below the $21800-22000 support. As long as we are not above $24,000, we will not open a long position.

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

As usual, stay safe, I wish you all a great day!