1. The current recommendation is to long on BTC, focusing on the higher lows formed around $66,000, which is considered the VWAP support zone for 2024. Wait for confirmation of a bottom before a rally. There are no obvious signs of a pullback or tentative entry points, so a conservative approach is to wait for a rebound signal. 2. Position and Risk Management Recommendations: It is recommended to place an order around $66,000, which is an important support level. It is suitable for trial orders or light positions. You can gradually add to your position after confirming higher lows and higher lows. There are no specific stop-loss and take-profit points, but it is recommended to use VWAP as a key risk control point. If it falls below this level, you should be wary of the risks. 3. The trading style strategy is inclined towards a stable medium-term holding, relying on the 2024 VWAP support to build a bottom. It is suitable for gradually entering the market after confirmation. It is not suitable for aggressive short-term quick in and out trading. It emphasizes following the trend and avoiding chasing highs or being overly attached to the market.
BTC: Summary of wwg community discussion (13:00:10 ~ 14:00:10)
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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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