BTC: Summary of The Lab-ken community discussion (23:00:10 ~ 00:00:10)

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1. Current Recommended Direction - It is recommended to wait and see how BTC performs in the key point of interest (POI) range of 65-64.5, as there are no clear signals for long or short. - Watch whether this range can fill the impalance and test nPOC. If it fails to hold, it may retrace to 60. - The opportunity to short during the pre-New York opening rebound has been missed. The current market is highly volatile, and it is not recommended to chase the market up or down at this time. 2. Position and Risk Management Recommendations - It is recommended to maintain a light position and wait for confirmation at key price levels before considering further investment. - The 65-64.5 range is a key testing area and the last line of defense. If the breakout fails, consider a small short with a stop loss above 65. - If the price falls back to around 60, it can be considered a significant pullback bottom, making it suitable to gradually add to positions. - There is currently no clear profit-taking point, so the trading rhythm needs to be flexible, and attention should be paid to the risk of intraday volatility. 3. Adapt to trading styles - Suitable for conservative, wait-and-see traders who want to enter the market only after receiving a clear signal. - I do not recommend aggressive short-term trading to try and catch a rebound. The current market is "too choppy," and quick in-and-out trades are risky. - Use key price level tests as catalysts, avoid getting "too attached to the market," and patiently wait for the trend to become clear.

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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