BTC: TraderCash Community Discussion Summary (18:00:10 ~ 19:00:10)

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1. The current recommendation is to long on BTC, specifically a limit buy. KOLs believe there is strong support, and BTC is expected to reach above 74,700 in the short term, triggering a short squeeze and driving the price up. This rise is seen as a tentative entry signal for a "short squeeze towards the 74,700 range," followed by a potentially larger pullback to test the 58,950 monthly moving average support. 2. Position and Risk Management Recommendations: A small buy position is recommended at 65192.3, with a stop-loss set at 63211.4, to strictly control risk. The target price is locked at 73360.4. The current strategy is a pre-rally setup. Previous position sizing and stop-loss management are in place; it is recommended to maintain a stable position and wait for market confirmation. No specific timeframe for adding to the position is specified; emphasis is placed on stop-loss management and observing subsequent price movements. 3. Suitable for Trading Styles: This strategy is suitable for conservative short-to-medium-term traders, utilizing short-term upward opportunities during short squeezes to tentatively establish positions. It emphasizes quick entry and exit to achieve the upward target, avoiding prolonged positions as the risk of subsequent sharp declines is high. It is suitable for aggressive short-term traders with stop-loss awareness or conservative medium-term holders. There are no clear catalysts; it relies on short-term breakouts triggered by accumulated short positions in the market.

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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