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 above 60k after being rejected under its old ATH.
The trading volume in the previous session was below its average level, the latter remains static as in the previous sessions.
The daily technical situation is now negative with the MACD and WaveTrend both giving a sell signal. On a 4h time frame, the indicators are negative as well.
What to do now?
Well BTC is holding above 60k for now, but the funding cost and the market being far too leveraged, coupled with a negative technical situation invites us to be cautious.
That's why we will wait for more development of the price action before considering a new position.
