1. Current Recommended Direction Regarding BTC, the current view is that it represents a significant rebound after all the negative news has been priced in. It is recommended to follow the trend and go long to seize the rebound opportunity. - The market logic is clear, emphasizing that Japan's interest rate hikes are complete and the negative impact has been fully released, making the BTC rebound reasonable. It is noted that "although the market is erratic, it is still based on logic." - No mention was made of overextending the price or tentatively establishing positions; the overall bias is long. 2. Position and Risk Management Recommendations - It is recommended to participate in the rebound with a small position, especially to maintain a defensive stance near key resistance levels. - Specific price points for BTC were not given directly, but based on the overall logic, referencing the ETH trading strategy: short at top resistance, long at bottom support, with a short-term target of 50-100 points pullback. - Emphasizing that "trading with strong support and resistance levels increases the odds of success" implies strictly setting stop-loss and take-profit levels and controlling position size to avoid the risk of over-leveraging. - No specific time frame limit; focus on the timing of market catalyst releases. 3. Adapt to trading styles - Suitable for stable short-term operations, relying on the market's already released negative catalysts (Japan's interest rate hike completed) to conduct swing trading. - Emphasizing the "terrifying win rate" and "losses caused by holding capital costs," it advises quick entry and exit, flexible responses, and cautions against lingering in positions. Based on experience trading ETH and ZEC, the strategy leans towards high-probability short-term swing trading based on clear resistance and support levels, rather than long-term holding in non-trend positions.
BTC: Summary of discussions in the Shuqin-banned group (17:00:05 ~ 18:00:05)
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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.
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