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 is still in its support zone after briefly reaching 39500 in the previous session.

The trading volume in the previous session was significantly higher than its average level.

The daily technical situation remains neutral although we can see a buy signal on the WaveTrend. On a 4h time frame, the indicators are also positive with nevertheless signs of bearish curves.

What to do now?

We are currently on an important support zone but this does not allow us to open a long position. Firstly because we would be obliged to use a low yield risk and secondly because the short-mid term trend remains bearish.

https://www.tradingview.com/x/Var5bwP1/

We therefore remain with our short option at 47k, if however BTC manages to get up there. Stay safe as usual, I wish you all a great day!