BTC: Summary of Advanced Bitcoin Community Discussions by Tiafilo (16:00:08 ~ 17:00:08)

1. The current recommended direction is primarily bearish. Long are only recommended for pullbacks after failed price action and should not be held as trend positions. We are currently in a critical juncture between the daily trendline and the 4-hour uptrend line. A failed breakout of the trendline followed by a pullback indicates a bearish macroeconomic environment. 88.2k is a minor resistance level. If the 1-hour chart closes above 88.2k for two consecutive days, consider adding to long positions; otherwise, close all long positions if there is a false breakout followed by a pullback and a weakening CVD. Short-term rebounds are possible, but the overall bias is bearish. 2. Position and Risk Management Recommendations: Light position trading is advised. Half of the long positions have already been reduced (half closed). Closely monitor the market. Adding to long positions requires confirmation of a consecutive 1-hour closing price above 88.2k. If a false breakout occurs followed by a pullback and weakening volume (CVD), close all positions. Pay close attention to the lower support level of the 86.8k trading range; remain on the sidelines until a significant break below this level occurs. Short-term trading requires quick entry and exit; avoid holding positions for extended periods. 3. This trading style is suitable for aggressive short-term trading, focusing on quick entries and exits based on false breakouts and short-term rebounds; holding positions for too long is not advisable. The strategy is based on the critical points of the daily and 4-hour trend lines, using volume indicators to confirm signals. Short-term rebounds are exit windows. Given the bearish macro environment, trend investors or conservative medium-term investors should not long long positions.