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 above its former resistance zone at 43700.
The buying volume in the previous session was above its average level, which is not surprising given the shape of the daily candle.
The daily technical situation remains positive with the MACD and WaveTrend pointing upwards. On a 4-hour time frame, the indicators are also quite positive.
What to do now?
For the moment BTC is stuck between two areas, on the one hand the 46k resistance zone and the 42k support zone on the other hand. We will wait for an exit of this range before positioning ourselves on retracement.
