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BTC is once again experiencing weekend volatility. Not expecting too much to happen, but there are a few things to watch for this weekend.
If Bitcoin breaks through the resistance level of $88,865 and tests the resistance above, look for shorting opportunities after a failure.
If the price tests the initial impulse/support level of $87,420, I will watch for short-term long opportunities after a reversal.
If the opening momentum is lost, continuing to short to a low around $85,890 is reasonable. After reaching that level, I will wait for a reversal to go long.
When the price reaches $89,375 (top resistance level), I assume it will eventually be squeezed into the $90,400 area( but don't expect this to happen over the weekend.
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