BTC: Summary of discussions in the Shuqin-banned group (17:00:09 ~ 18:00:09)

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1. Current Recommended Direction - We recommend a bullish view on BTC in the short term. The 58,000-60,000 range is a very strong support zone, and there is a high probability of a short-term bottom. It is expected to rebound to 67,000 or even above 70,000. - Don't rush short shorting. It's recommended to monitor the market in real time and wait for a downward trend before considering shorting to avoid blindly chasing the market down. - In the long term, the bear market is still in its mid-term, and the real bottom may be in the range of 50,000 to 40,000. After a short-term rebound, there may be a second bottom test. 2. Position and Risk Management Recommendations - The current recommendation is to have plenty of cash on hand and focus on buying in large positions starting at around 50,000, to avoid placing orders at the limit of around 40,000 and not being able to buy. - Short-term investors have successfully buy the dips around 60,000 and have already tasted the rebound gains (10% increase). - It is recommended to monitor the market in real time and adjust positions flexibly according to market changes. There are no specific profit-taking or stop-loss points yet, but it is emphasized that we should not pursue extreme bottoms and instead adopt a prudent approach. 3. Adapt to trading styles - Suitable for stable medium-term operations, utilizing the 58,000-60,000 support level for swing trading; - Combining the mid-term rhythm of a bear market with both short-term buy the dips and mid-term trend grasp; - It is recommended to wait patiently for confirmation of a rebound before short to avoid impulsive actions. - Suitable for patient investors with ample funds. It does not advocate aggressive, quick in-and-out trading, but emphasizes "buying at the buy the dips with cash on hand" and steady, methodical approach.

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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