BTC: Summary of wwg community discussions (05:00:09 ~ 06:00:09)

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1. Current Recommended Direction BTC failed to reverse and hold the key range, and the short-term conditions are relatively good. It is long suitable for aggressive short-term long positions, which can take advantage of the range-bound movement to make quick profits. There are no clear signals of a sharp rise or a deep pullback. 2. Position and Risk Management Recommendations: It is recommended to enter the market with a light position or a trial order, focusing on short-term scalp operations. Heavy positions or long-term holdings are not recommended. Stop-loss orders should be strictly controlled at the lower edge of the range or key support levels. Take-profit orders should be placed quickly to avoid the risk of pullback after the range is broken. 3. Suitable for aggressive short-term traders, this trading style relies on a rapid entry and exit strategy based on range-bound trading. It emphasizes "quick in and quick out" and discourages holding positions for too long or chasing highs. It utilizes range-bound fluctuations to long and is preferred by traders with a higher risk tolerance.

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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