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 after spending most of the weekend around 54000, BTC is now trading above 57k again.

The trading volume during the recent bullish surge was significant but well below the volume level seen during Friday's decline.

The daily technical situation is showing signs of positivity with a buy signal given on the WaveTrend but a MACD that has yet to cross higher. On a 4-hour time frame, the indicators are positive.

What to do now?

If we look at the volume profile of the last consolidation zone, we notice that BTC is just below the last value zone. If BTC manages to break through this area, we can open a retracement position at the location of the last liquidity gap.

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

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