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

BTC Update #BTC_Update

What's new since the last update? Well, BTC has finally come out of its lethargy and we've seen some movement in the last few sessions, with Bitcoin now trading just below 19,000.

Everything is going well? Nothing could be further from the truth! We've seen an explosion in volume over the past couple of days, but BTC is now trading just below a large resistance area.

The daily technical indicators are positive but also already very high. On a 4h time frame, the technical indicators are also positive.

What to do now?

It might be tempting to buy when everything is going up but it's not exactly the right thing to do. If we break the 19-20k area, then we could possibly position for a more pronounced rebound in the medium term. For the time being, this is not the case and caution is still the order of the day.

https://www.tradingview.com/x/toZ0Loyo/

Take care, I wish you all a great weekend!