2021-11-04 12:57:57
BTC Update #BTC_Update
What's new since the last update my dear community? Well BTC is still trading above 60k but still hasn't managed to close above 63700.The trading volume in the previous session was below its average level for the sixth time in a row and this is not good news.
Indeed, when volatility subsides, the probability of an impulsive move increases. In this case, we did not manage to regain the level of 63700, which increases the chances of a return to 52k.
The daily technical situation remains neutral but the WaveTrend is showing serious signs of a bearish cross ahead. On a 4-hour time frame, the indicators are negative.
What to do?Still no break of 63.7k, we now have to wait and see if the 60k level will break. If so, a return to 52k will be likely and we will try to find an entry point at that level on a shorter timeframe.
https://www.tradingview.com/x/...
Until then stay safe, I wish you all a great day!
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