1. Current recommendation: Short is advised. If Bitcoin fails to hold its yearly low, it is expected to decline directly, and there is a risk of it falling in tandem with the S&P 500. Currently, there are no obvious signs of a rally that has already exhausted its upward potential or any tentative entry signals, so a short-selling strategy is short. 2. Position and Risk Management Recommendations: It is recommended to try shorting with a small position, closely monitor the support level of the annual low, set a stop loss above the annual low, and take profit by referring to the technical support area after the first significant break below the low. Focus on short-term trading and avoid heavy shorting. 3. Suitable for aggressive short-term trading, it allows for rapid entry and exit based on the key catalyst of breaking through the annual low. The operation is fast-paced, emphasizing "attack as soon as the breakout occurs". It is not advisable to hold positions for too long and be wary of the risk of a rebound trap.
BTC: Vivian-btc Daily Community Discussion Summary (08:00:10 ~ 09:00:10)
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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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