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

1. Current recommendations focus on ETH. A break above 70496 is considered a bullish signal, with a long dips strategy favoring a Double Botto reversal pattern. A break below 67882 would be bearish, potentially leading to further declines; caution or short is advised in such cases. No mention is made of overextended rallies or tentative entry points; the focus is on confirmation of breakouts at key support/resistance levels. 2. Position and Risk Management Recommendations: A phased approach is suggested. Gradually add to long after a breakout above 70496. Consider a small short position or a trial short short if the price falls below 67882. The stop-loss should be set clearly below 67882 (stop-loss immediately if it falls below this level). Take-profit should be based on the resistance level above 70496. No specific timeframe is specified, but the key price range is emphasized as 67882-70496. 3. Suitable for Trading Styles: This strategy is suitable for conservative medium-term trend trading, focusing on directional confirmation after a breakout from a range. It is suitable for traders who have the patience to wait for confirmation at key price levels. It emphasizes avoiding blindly chasing highs or holding positions for too long; after a breakout confirmation, trade quickly in and out or gradually add to your position; if the price falls below support, immediately cut your losses and exit the market.