BTC: Vivian-btc Daily Community Discussion Summary (03:00:10 ~ 04:00:10)

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1. The current recommended strategy is to short BTC, focusing on establishing "Level 3" short positions, anticipating a short-term pullback. If the daily closing price of BTC is above $70,000, the short position strategy will be invalidated, and caution should be exercised before proceeding. There should be no hesitation regarding "overextending the rally" or "waiting for a pullback," indicating a clear bearish outlook. 2. Position and Risk Management Recommendations: It is recommended to precisely enter a short short at the New York open (Level 3), implying phased position building, with a focus on timing the opening. Set $70,000 as a key risk level; if the daily closing price is above this level, immediately abandon the short position to avoid being trapped. No specific profit target is mentioned, but "Level 3" suggests a phased reduction in position size. 3. Suitable Trading Style: This strategy leans towards aggressive short-term trading, leveraging the high volatility of the New York open to quickly establish positions. It is suitable for traders who prefer quick entries and exits and flexible stop-loss orders. It emphasizes key price levels and time windows, warns of potential market reversals, and is not advisable for long-term holding or prolonged positions.

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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