BTC: Summary of The Lab-ken community discussion (16:00:10 ~ 17:00:10)

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1. Current Recommended Direction: BTC has not yet recovered the 70,000 mark and has not broken through the anchor volume-weighted average price. Short-term bullish signals are insufficient. It is advisable to observe or cautiously wait for confirmation, avoiding blindly chasing highs or entering positions on sharp drops. 2. Position and Risk Management Recommendations: It is recommended to maintain a light position and observe. Consider adding to the position only after the price effectively breaks through 70,000 and the anchor VWAP. The stop-loss point can be set below the anchor VWAP to prevent the risk of a false breakout. There is no clear profit-taking point at present; focus on the reaction of key price points. 3. Suitable Trading Style: Suitable for conservative medium-term investors, gradually entering the market after the trend becomes clear. Short-term aggressive trading carries significant risk; chasing highs and lows is not advisable. Emphasis should be placed on a "don't chase rallies, don't panic on breakdowns" mentality, avoiding emotional trading.

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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