After the initial resurgence from $6,800 this week, price has since stalled and waiting to see if the bulls or bears will take control.
Looking at the smaller time frames, BTCUSD has been squeezing into a triangle pattern that upon break out, will provide insight into the next trend direction. It is possible to place a STOP-LIMIT order above and below waiting for a break-out to the respective consolidation zones that would offer at least a 2:1 risk reward.
Enjoy.
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Another breakout forming on 30 minute chart. This could see a strong impulse move into consolidation zone.