BTC Update #BTC_Update What's new since the last update my d | 4C Trading News

BTC Update #BTC_Update

What's new since the last update my dear community? Well BTC is still trading in its support zone around 39500.

The trading volume in the previous session was once again above its average level, which shows a lot of activity in the vicinity of an important support level. Good news, it's too early to tell.

The daily technical situation remains negative even if we can distinguish signs of bullish curves. On a 4h time horizon, the indicators are positive.

What to do?

For the moment we are still above our absolute support zone of 37k right? Moreover we can distinguish a slight hidden bullish divergence between the prices and the WaveTrend on a daily horizon.

Of course, none of this is enough for a long opening, but we will keep an eye out for a possible break of resistance from above. For now, patience.

https://www.tradingview.com/x/KaHXeycj/

Stay safe, I wish you all a great day!