✴️ BTC Update #BTC_Update
What's new since the livestream yesterday? Not much we are forced to admit, but the BTC has nevertheless broken its 7800 level and now stands at 7880.
The daily technical situation and 4h remains positive for the moment despite an overbought situation and signs of bearish curvature visible on the daily TF.
📈 Trend follower?
Positive on the 1h and 4h horizon and negative on the daily TF.
👉 What can we do about it?
As we explained yesterday during the stream, the BTC has gained some levels and registered a higher high. However it is very risky to predict exactly the turning point.
So it is indeed possible on the shortest timeframes to find a short position after support break, but this is not how we decided to proceed.
At the current top, if we look at the Fibonacci retracements, the proposed purchase area now corresponds perfectly to the golden pocket 61.8 -65. That's why the trade is still valid guys!
Be careful though!
Enjoy our analysis!
Your 4C-Trading Team 💚
What's new since the livestream yesterday? Not much we are forced to admit, but the BTC has nevertheless broken its 7800 level and now stands at 7880.
The daily technical situation and 4h remains positive for the moment despite an overbought situation and signs of bearish curvature visible on the daily TF.
📈 Trend follower?
Positive on the 1h and 4h horizon and negative on the daily TF.
👉 What can we do about it?
As we explained yesterday during the stream, the BTC has gained some levels and registered a higher high. However it is very risky to predict exactly the turning point.
So it is indeed possible on the shortest timeframes to find a short position after support break, but this is not how we decided to proceed.
At the current top, if we look at the Fibonacci retracements, the proposed purchase area now corresponds perfectly to the golden pocket 61.8 -65. That's why the trade is still valid guys!
Be careful though!
Enjoy our analysis!
Your 4C-Trading Team 💚