BTC update What's new since the last update my dear community | 4C Trading News

BTC update

What's new since the last update my dear community? Well BTC has rebounded nicely and is now trading above its 50k level again.

The trading volume in the previous session was above its average level, which is pretty good news when prices break through resistance.

The daily technical situation remains negative but we can already see signs of bullish curves on the WaveTrend and MACD. On a 4h time horizon, the indicators are positive.

What to do now?

For now BTC is showing resilience with a rebound to the 40k area and a recovery from the 50k level. The $53,000 level is now the next area to break, this level represents the first trouble area. For the more scalperz among you, it is possible to open a buy position on retest of 49500 to aim for a return to 53000.

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

Stay safe in the meantime, I wish you all a great day!