1. The current recommendation is to long on BTC. Based on the green candle candlestick pattern in the early morning and the fact that it is close to the key resistance level of 91k, this rally is considered a potentially valid breakout rather than a simple "drawing a line" (i.e., failing to break through resistance). The advice is to "go all in on the breakouts," indicating a high probability of testing 94k after breaking through 91k. 2. Position and Risk Management Recommendations: Consider re-entering a long position on the left side, implying a gradual averaging-up strategy. The stop-loss point is implicitly placed within the key price level before the breakout (approximately below 86k, within the bullish liquidity zone), emphasizing that "a single, truly effective breakout is enough to recover all previous stop-losses," reflecting confidence in the breakout's validity and tolerance for error management. 3. This strategy is suitable for aggressive short-to-medium-term trend followers, based on breakouts from areas of high liquidity and key resistance levels. It emphasizes "going all in," making it suitable for traders who dare to chase breakouts and engage in high-leverage trading, but not for conservative observers or those who frequently test the waters.
BTC: Summary of Advanced Bitcoin Community Discussions by Tiafilo (11:00:10 ~ 12:00:10)
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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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