Friday Morning Bitcoin Strategy

In the blink of an eye, we've arrived at the last trading day of the week, good morning everyone.

From a technical structure perspective, short-term cycles are in a consolidation and repair phase. Although the 4-hour level is trading above the Bollinger Band midline, upward momentum is not strong, with price action showing more of a narrow-range consolidation rather than forming a sustained uptrend rhythm. Overnight, Bitcoin rebounded to around 70700 and then faced selling pressure again, indicating overhead resistance still exists.

Therefore, for intraday strategy, short-term traders should avoid blindly chasing longs. Instead, wait for a pullback to confirm support first, then look for low-position long opportunities. The overall rhythm should be bearish first, then bullish.

Consider taking short positions in batches around 71500-72000 above. Watch the 70000-69000 support zone below; if the pullback doesn't continue extending downward, you can opportunistically flip to long positions.

Consolidation markets test patience and timing most—position is more important than direction. Patiently await key levels and trade with the trend. $BTC #Gate广场AI测评官