Friday marks the end of the weekly candle, and the market is likely to move in a oscillating upward trend.

If 69 is successfully broken through, it will directly push up to 72, completing a bullish weekly close!

If it pulls back and breaks below 66, do not chase longs; wait for the 65-65.5 zone to re-enter, avoiding chasing high and getting trapped.

From a technical perspective, the upward channel is perfectly formed, and the bullish trend is clear. As shown in the chart, Bitcoin started from the 62 low point and has been moving in a wave-like rising channel.

The first peak is 76, the second peak is 72, and the third peak is 69. Although the peaks are gradually decreasing, the lows are continuously rising, forming a standard upward trend line (red diagonal line in the chart). The current price is 67, which just rests on the trend line support, presenting a typical trend retracement buy opportunity.

All moving averages are showing a bullish alignment. After the price pulls back to the moving averages and finds support without breaking below, it indicates that the medium-term bullish structure remains intact. A pullback is a good entry point.

Regarding support levels, focus on the 66-64 zone, which is the core support of this upward trend line and also the upper boundary of the previous consolidation platform. The support strength is very strong, and the probability of a breakdown is very low.

First resistance: 69, which is the previous high and the first target of this rebound. Breaking through will open up space above.

Second resistance: 72, the second-highest point resistance, and breaking through will challenge the previous high of 76,000, which is the ultimate bullish target.

The intraday strategy is to buy on pullbacks—buy immediately, buy directly, buy any way you like!