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 below its resistance zone at 57000.
The trading volume in the previous session was below its average level which has been steadily declining since mid-October.
The daily technical situation remains negative with the MACD and WaveTrend pointing downwards. On a 4h time frame, the indicators are also negative.
What to do now?
As long as we are under this resistance zone, the chances of testing the 52000 area is quite high and we will therefore refrain from opening a long position for the moment.
