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 42k level, currently at 44k.

The trading volume in the previous session was above its average level, which bodes well when prices are rising.

The daily technical situation remains positive with a positive MACD and WaveTrend. On a 4-hour time frame, the indicators are rather negative and indicate a risk of retracement.

What to do now?

For a swing position, it is still too early to decide until the 46k and especially the 52k are taken back. For the moment a retracement to the 40k would not be impossible.

https://www.tradingview.com/x/2I7s5m70/

Stay cautious as usual, I wish you all a great day!