BTC Update What's new since the last update my dear community | 4C Trading News

BTC Update

What's new since the last update my dear community? Well BTC has not moved much since yesterday and is still trading in a range between 62k and 66k, currently attacking the resistance.

The trading volume in the previous session was below its average level once again while prices are showing a slight increase. This is generally not good news.

The daily technical situation remains positive for now, even though the indicators are trading in their overbought zones. On a 4-hour time frame, the indicators are positive as well.

What to do now?

For now, caution is the order of the day, as the low volume and the shape of the last few candles on the 4h time frame are not favorable. As long as the 66k area is not exceeded, we will not look for long entries.

https://www.tradingview.com/x/vEF9KScP/

In the meantime, stay safe, I wish you all a great day!