Friday morning trading strategy analysis

Bitcoin surged and then retraced overnight, testing lows and rebounding. After stabilizing around 65,700 and bouncing back to 67,400, it faced resistance, pulling back to support at 66,550. The end of the session saw consolidation around 66,900. Short-term selling pressure has largely been absorbed, and the market is now at a high-level decision point.
Daily chart
BTC closed with a doji after a mid-week decline, indicating consolidation. It has not re-entered an upward channel, so the downtrend remains intact; the four-hour chart shows oscillation at the lower end of a downtrend.
Key levels
Focus on resistance at 67,400 above and support at 66,000 below. Until a clear breakout above 68,000 occurs, the bearish pattern remains, and it’s advisable to wait for a volume-driven decline signal.
Trading recommendations
BTC: Consider short positions in the 67,200–67,700 range, targeting 65,800. If broken, look for 64,500 and 63,000.
$BTC
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