From the daily chart of Bitcoin, a large bullish candle has caused the price to quickly rise near the middle band of the Bollinger Bands.
However, although a breakout was achieved in the early morning, the price subsequently fell again. Now it is Saturday, and according to the usual market habits, without significant news stimulation, it will typically show a sideways consolidation, with the market likely to oscillate within a range. This is also a form of self-repair for the market after significant fluctuations earlier. Currently, the price has pulled back to a relatively low position, so we can pay close attention to the strength of its rebound to determine the short-term trend direction.
Operational strategy suggestion
Buy Bitcoin on a pullback to 820-825, with an initial target around 845.
