Chinese traders are still in holiday mode. The price stayed in a tight range of $235-$240. Volumes have yet to pick up.
Until trading volumes increase, buy dips and sell spikes in the $230-$240 range. Use XBU24H (daily inverse futures contract) to trade short term price movements.
In the News:
NIRP: JP Morgan beings charging on some deposits (MarketWatch)
Boston Federal Reserve bullish on Bitcoin technology (CoinDesk)