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 above its $21000 level and its oblique support level.
The trading volume in the previous session was above its average level, which could be good news.
The daily technical picture remains negative with the MACD and WaveTrends still pointing down. On a 4-hour time frame, the indicators are neutral with a negative WaveTrends and a positive MACD.
What to do now?
For now it is still too early to open a buy position on BTC, as the situation is quite unstable with a support level that threatens to break at any time. If the latter were to break, we would then have an opportunity to perhaps reach 13k and enter this level.
