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, apart from a bounce off the lower bound of our consolidation range, not much.

The trading volume in the previous session was above its average level and if we zoom in 4 hours, the bounce off the lower bound was accompanied by significant volume.

The daily technical situation remains positive with the MACD and WaveTrend giving a buy signal. On a 4h time frame, the indicators are also positive.

What to do now?

We have rebounded once again and this is good news. Still no rush though, at the risk of repeating myself, but we need at least a break of the 50k for a short term higher high but especially the 53k and an exit upwards from this consolidation.

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

This will allow us to enter on retracement! Until then I wish you a great day!