BTC: Vivian-btc Daily Community Discussion Summary (21:00:10 ~ 22:00:10)

This article is machine translated
Show original

1. Current Recommended Direction: BTC is holding above $68.5k, and $68.5k is a key support level on the weekly 200EMA. Each touch of this point represents a demand zone, indicating strong potential for a rebound over a longer timeframe. A bullish strategy is recommended, focusing on tentative entry opportunities at this level. Be wary of the risk of overextending the price; gradually enter the market after confirming a rebound signal. 2. Position Size and Risk Management Recommendations: It is recommended to initiate a small position near the key support level of $68.5k. Gradually add to the position after confirming the support level with the weekly closing price. Pay close attention to the weekly 200EMA support; if it breaks, immediately stop-loss and exit the position. Take-profit levels should be dynamically adjusted based on subsequent highs. Avoid full-position betting on a rebound; maintain flexible position management. 3. Suitable for Trading Styles This strategy is suitable for conservative medium-term holders, relying on weekly EMA support for trend investing; aggressive short-term quick in-and-out trading is not recommended, emphasizing a slow-paced layout based on high time frame support; investors are reminded to pay attention to weekly closing confirmation to avoid the risk of pullback caused by overtrading and excessive upward movement.

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.
Like
Add to Favorites
Comments