I see a symmetrical wedge pattern above 7448.  So we are looking for a break of that pattern for a significant change to price to occur.    All that means right now is that its clear that price is reducing in its range, its becoming more focused before exploding up or down presumably.   

I think the standard interpretation of such a pattern is to say a continuation of trend.  Obviously Bitcoin has been rising and so long as we stay above 7448, confirming above on a 4hr candle then its bullish now.

I would not guess below 7k this weekend but as far as buying we move emotionally to a sell off quite often in bitcoin and I would just wait for China to announce something negative.  BTC is global so its not about 1 country and really the sell off needs more of a reason then that.   But China is big and it'll drop under such negatives, that could be said to be something of a buying possible opportunity.   Right now its just a case of a staircase, we step higher generally