Update on the current situation of BTC according to the 4h chart.
1. Since the beginning of the session, BTC has tested the 95xxx zone twice and has not surpassed it. Currently, it is testing for the third time.
2. The bands have tightened very closely and the price is currently at the band, hoping that the band will open.
3. The MA lines 20, 50, and 100 are all trending upwards. In particular, ma20 and ma50 are very close to each other.
4. The MACD has also shown signs of a reversal divergence. However, it has not yet been confirmed on the 4h chart. We need to wait or look at the details in smaller time frames of 1h, 15'.
Shorters pay attention to stop loss. Please protect your account safely. Wish everyone success.
