1. Current Recommended Direction - Short BTC is recommended. The downward trend that started at 12.6 has entered segment c, and segment c has been broken by the yellow line segment. It is determined that segment c is complete and a divergence has occurred. The price has not reached the expected level of around 7.8. - The bearish perspective is clear, emphasizing the opening of short positions at the previous blue line position. Although the price subsequently rebounded back to the red line stop-loss zone, it did not negate the bearish trend, suggesting that further declines are expected. - The mention of "not closing out positions to take profits before reaching expectations" and "stopping losses when prices return to the red line" reflects caution about the rebound, suggesting that the rebound is a tentative pullback or "a window to escape during the rebound." 2. Position and Risk Management Recommendations - It is recommended to open a short at the blue line, using a trial order or a small position strategy. Set the stop loss at the red line. The stop loss position should be reasonable and certain. The stop loss will be triggered when the price returns to the red line. - Emphasize stop-loss discipline; exit the market as soon as the price returns to the red line to avoid blindly holding the position. - No specific profit-taking point was specified. The price was only suggested to fall to around 8.4, but this did not meet expectations. It is recommended to maintain the position and observe, waiting for the next signal. 3. Adapt to trading styles This strategy is more suitable for aggressive short-term trading, allowing for quick entry and exit based on price rhythm and divergence signals. - Emphasizing that "a rebound is a window of opportunity to escape," it advises quick entry and exit to avoid holding positions for too long. - Not suitable for long-term trend holding, but suitable for capturing short-term structural decline opportunities, relying on technical line segment break and divergence signals as catalysts.
BTC: Summary of Advanced Bitcoin Community Discussions by Tiafilo (03:00:09 ~ 04:00:09)
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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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