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 BTC is still trading in its support zone around 42k.
The trading volume in the previous session was below its average level once again.
The daily technical situation is now rather negative with the MACD still not crossing downwards but the WaveTrend already giving a sell signal. On a 4h time frame, the indicators are negative.
What should we do?
For the moment we are still in a bearish configuration with prices well below their moving average. The potential short area coincides with the latter. If BTC breaks its support however, we will try to look for a short position on retracement.
