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, not much, BTC is still running around 57k in a configuration that invites more and more caution.

The trading volume during the last session was above its average level but not by much.

The daily technical situation remains neutral with a MACD still negative and a WaveTrend positive but showing signs of a bearish reversal. On a 4h time frame, the indicators are negative.

What should we do?

Still no close above 59k, so we will wait a little longer. If BTC breaks this area and goes above 60k, then we can forget about our entry point around 55k and focus on an entry around 59k on retracement.

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

For now, I wish you all a very nice day as we await the market's decision!