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 failed in the previous session to break through its resistance zone and is now trading around 60k.

The trading volume in the previous session was below its average level. The latter continues its steady decline.

The daily technical situation is now negative with the MACD and WaveTrend pointing down. We can also see a bearish divergence between prices and indicators. On a 4h time frame, the indicators are also negative.

What to do now?

BTC is on an important support level at 60k, if it were to break, a return to 52k or even 50k would be very likely. We would then open a long position.

https://www.tradingview.com/x/2RbpJIBu/

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