BTC's adjustment yesterday was relatively small, and the current price is hovering around the highest point of this week. The following two aspects can be focused on for future trends:
Technical pullback: When facing the previous high pressure, you can pay attention to the pullback pattern similar to the ascending triangle. At this time, the trend line support and the key support level of 66,000 may become the opportunity for longs to enter the market.
The impact of weekend news: If there is good news, it may prompt the price to break through and try to hit the range of 69,000 to 70,000 US dollars.
In the technical pullback, the following two trading strategies can be considered:
Trend trading: Waiting for long at a low level, using trend line support and the support level of 66,000 US dollars.
Try to short with a light position: When the price is close to the pressure level, short with a light position. The main advantage is to set a stop loss, the risk control is relatively small, but the potential profit is large.
Pay special attention to the news on the weekend, because there is a lot of uncertainty, such as the Trump incident, which may bring unexpected fluctuations.
Overall, considering the trend of smaller market fluctuations on weekends, the technical side is more of a correction and adjustment to the market fluctuations throughout the week. Therefore, you can postpone your trading decision and wait for the active market period next week to find more opportunistic trading opportunities.
