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 BTC has failed once again and is trading below 42000 again, at 41400.
The trading volume in the previous session was below its average level once again.
The daily technical situation remains neutral with a bullish MACD and a bearish WaveTrend. On a 4h time frame, the indicators are negative as well even though they are currently trading in their oversold zone.
What to do now?
BTC is still in its support zone, so can potentially rebound. However, we have seen BTC trade flat for a very long time. Therefore, we will wait for at least a break of 46k to enter a buy position on retracement. We will also short the first touch of this level.
