There's not much to say this weekend; BTC continues to oscillate within the range of 92k-96k. Yesterday, it also oscillated around 94k, so today will likely be the same unless something unexpected happens. Currently, the market is waiting for direction, which will depend on the sentiment from the U.S. stock market opening.
Let's enjoy the weekend. New emotional stimuli will need to wait for the return of liquidity in the U.S., especially with the CPI data coming next week, close to Trump's inauguration, which shouldn't extend for too long.
Currently, 92k has become a short-term dividing line between bulls and bears. The upper range is 96k~97.5k; falling below 92k indicates a strong bearish sentiment, while staying above 96k indicates a strong bullish sentiment.
Overall, right-side trading remains the main theme! Next week will be the trading days leading up to Trump's inauguration, so let's patiently wait for trading signals to appear!
Looking forward to the favorable phase for crypto that Trump will announce starting next week!
