The Bitcoin fluctuation has lasted almost a week, with a box range of 83000-86000. Strong support below is at 82000, with a stop-loss level; if it breaks below, it may retest 80000 and 78000. Strong resistance above is at 86000, and if it breaks above, we could see 87500 and 90000.

Trading Strategy

For the longer timeframe, one can wait for a breakout of the box, as directions (up or down) are relatively easier to judge.

For the shorter timeframe, one can attempt to short near 85000 and 86000, betting on a lack of strength in the breakout, with a stop-loss at the previous high of 86500.

In the shorter timeframe, look for a rebound near 83000, with a stop-loss at 82000.

The weekend market may not change direction quickly, so one can trade in smaller timeframes while being ready to reverse for a breakout.