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 after rebounding slightly over the weekend BTC is now trading just below the lower bound of its consolidation zone.

The trading volume over the weekend was below its average level once again.

The daily technical situation remains positive but both the MACD and WaveTrend are trading in their oversold territory. On a 4h time frame, the indicators are negative.

What to do?

This is getting tiresome as this consolidation has been going on since the beginning of December but unfortunately, as long as we don't break out from the top or the bottom sustainably, the best thing to do is to abstain.

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

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