BTC: Summary of discussions in the Bidaoge community (10:00:09 ~ 11:00:09)

1. Currently, Bitcoin is oscillating within a rectangular range of 67882-70496. It is recommended to closely monitor the 70496 level for a long, forming a "Double Botto" reversal signal. If it breaks short 67882, consider a short position, following the "three descending methods" pattern for further decline. The current strategy favors confirming a breakout before taking action, avoiding blindly probing positions. 2. Position and Risk Management Recommendations: After breaking through 70496, it is recommended to gradually increase long, with a stop loss set below 67882; if it falls below 67882, short short positions with a small position size. Take profit and stop loss must be strictly implemented. Pay close attention to the price boundary of the range and control the position size to avoid the risk of overextending during a rally. 3. Suitable for Trading Styles: This strategy is suitable for conservative short-to-medium-term trading, relying on range breakouts as entry catalysts. It emphasizes quick entry and exit, avoiding losses from repeated testing within the range, and discourages holding positions for too long. The key is to grasp the breakout rhythm and follow the trend. Aggressive traders can increase their positions after the breakout is confirmed.