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 in its 62-63k support-resistance zone after failing just below 63700.
The trading volume in the previous session was below its average level for the second time in a row, showing a slight sense of uncertainty.
The daily technical picture remains negative with a negative WaveTrend and MACD. On a 4-hour time frame, the indicators are neutral with a negative WaveTrend and a positive MACD.
What to do now?
For the time being BTC must absolutely break back above the 63700 level or we risk a retracement to the 58-60k level at least. No buy position for now.
