1. Current Recommended Direction The BTC 4-hour chart pattern resembles a cup and handle, suggesting potential for a short-term upward move and presenting an opportunity to tentatively establish a position. The bias is towards long on dips, but caution is advised regarding the risk of a pullback after the upward move has run its course. 2. Position and Risk Control Recommendations: It is recommended to enter the market with a small initial position, observe the support level of the handle, and gradually add to the position in batches. Strictly set the stop loss at the lower edge of the handle, and the take profit can be referenced to the previous high. The operation cycle should be mainly based on the 4-hour timeframe. 3. Suitable for conservative short-to-medium term traders, focusing on quick entry and exit using cup and handle breakout catalysts. Avoid chasing highs and holding positions for too long, and pay attention to the acceleration window after the pattern is confirmed.
BTC: Summary of the Tiafiro community discussion (20:00:09 ~ 21:00:09)
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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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