BTC Update #BTC_Update What's new since the last update guys | 4C Trading News
BTC Update #BTC_Update
What's new since the last update guys? Well BTC is still evolving around its major level of 60k without going below 58k for the moment.
The trading volume in the previous session was above its average level while the candlestick took the shape of a hammer at the close.
The daily technical situation remains negative for now with the MACD and WaveTrend pointing downwards. On a 4-hour time frame, the indicators are showing positive signs.
What to do now?
BTC seems to be holding its 58-60k support area, if it does indeed hold and BTC manages to trade above 62k again, we will then open a buy position on retracement, at the likely location of a liquidity gap.
If BTC breaks from below, we will consider a position around 50k.
