BTC Update #BTC_Update What's new since yesterday guys? Well | 4C Trading News
BTC Update #BTC_Update
What's new since yesterday guys? Well after more than a month of waiting in its range, BTC finally broke the lower bound of its consolidation zone and is now trading just above its support at 42950.
The trading volume was very logically above its average level.
The daily technical situation remains negative with the MACD and WaveTrend pointing down. On a 4h time frame, the indicators are also negative.
What to do now?
We have lost a short-medium term support zone and we are on another one. It is not time to short directly but rather on retracement. Nevertheless, it is interesting to note that the fear index is currently at 15, which could indicate a rebound soon.
https://www.tradingview.com/x/...
Stay cautious if you take this short opportunity and don't overexpose, we will be much more aggressive with the following ones if BTC goes below 42k.
