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 above its 50k level after coming to test 52k without success.

The trading volume in the previous session was below its average level and lower than the previous session. This is not necessarily good news as we like to see volume accompany bullish phases.

The daily technical situation is now neutral to positive with a positive WaveTrend and a negative MACD. On a 4h time frame, the indicators are neutral as well.

What to do now?

The trade presented yesterday is becoming increasingly risky, as the daily candle closed in a reverse hammer and given the falling volume. Nothing to do until it passes 53k.

https://www.tradingview.com/x/ueg9aoS6/

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