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 trading back below its 39000 to 38800 level.
The trading volume in the previous session was above its average level, which is not good news for a potential continuation of the rise.
The daily technical situation is now negative again with a MACD and WaveTrend. On a 4h time frame, the indicators are neutral with a cat signal given on the WaveTrend.
What to do now?
For the moment the share price is much too uncertain to open any kind of buy position. If Bitcoin falls below its 37k support zone, we could consider a short position to target 34k first and then 30k.
