BTC: Summary of discussions in the jinmu community (22:00:10 ~ 23:00:10)

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1. Current Recommended Direction: BTC is recommended for short-term long positions. There are signs of overextended upward movement, suggesting a potential pullback in the near term. Consider tentatively establishing positions at support levels. 2. Position Size and Risk Management Recommendations: BTC long positions should be initiated with small positions to avoid chasing highs. Enter positions in batches, focusing on the 69900-69000 support zone. Set a stop-loss below 68800, and consider a take-profit target in the 69250-69500 zone. Emphasis is placed on controlling drawdowns to mitigate the risks associated with overextended upward movement. 3. Suitable Trading Style: This strategy leans towards aggressive short-term trading, suitable for traders who prefer quick entries and exits. Utilize pullback windows for rapid position building and profit-taking, avoiding prolonged holding. Be wary of short-term rebounds as potential exit opportunities and respond flexibly to market fluctuations.

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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