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 we did well to cancel our buy orders as the 42k support area did not hold and BTC is currently trading around 40000.
The trading volume in the previous session was significantly higher than over the weekend and well above its average level.
The daily technical situation remains of course negative with no real sign of reversal visible. On a 4h time frame, indicators are neutral with a positive WaveTrend at the time of writing and a negative MACD.
What to do now?
More than ever, we need to be patient and let the price action show us what to do. In this case, if the support zone holds we will have a higher low, otherwise, all this was perhaps a more macro bearish consolidation.
