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 closed Friday's session on a huge decline and is now trading on its intermediate support area at 34600.
The trading volume at the beginning of the weekend was very logically above its average level.
The daily technical situation remains negative with no sign of a bullish reversal. On a 4h time frame, the indicators are neutral.
What to do now?
We can open a short position on a retest of the 42k area. Not too much exposure though.
