BTC: Orange's Mute Group (Daily Market Analysis) Community Discussion Summary (16:00:05 ~ 17:00:05)

This article is machine translated
Show original

1. Current Recommended Direction BTC is exhibiting a typical manipulated altcoin pattern of "pump and dump,"long unwise. It's recommended to remain on the sidelines and wait for a pullback confirmation before considering tentative positions. Currently, market heavyweights like Maji and CZ are trapped, indicating extremely high contract risk and suggesting that it's difficult to profit from trading during a bear market. Avoid chasing highs. While there's some inflow of funds into ETFs, the major players are clearly diverging, and the dumping activity may be manipulated by US-based players, putting short-term pressure on bulls. 2. Position and Risk Management Recommendations: It is recommended to maintain a light position and observe the market, avoiding heavy positions and chasing rallies. Contract trading carries extremely high risk, and ordinary investors should set strict stop-loss orders. Current price volatility is high, with significant short-term fluctuations; adding to positions is not recommended at this time. Wait for a clearer trend before gradually building positions. In terms of timing, it is advisable to wait until the market becomes clearer in winter and avoid frequent trading in the short term. 3. Suitability for Trading Styles: This strategy is more suitable for conservative medium-term holders, emphasizing "don't think about making money in a bear market, just hold onto your cash." It is not suitable for aggressive short-term trading or trend chasing. Given the weakness in the US AI sector and the backdrop of major US market players selling off, investors are advised that quick in-and-out trading carries significant risk and should not hold positions for too long. Focus should be placed on ETF fund flows and US stock market performance as catalysts.

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments