BTC: Summary of discussions in the Shuqin-banned group (19:00:10 ~ 20:00:10)

1. Current recommendation: Bitcoin is currently rebounding from the support level of 65,000, and has already rebounded significantly from 68,000. Short-term recommendations suggest reducing positions on rallies, with a full profit-taking target near 70,000. If it rebounds to the resistance level of 71,500, consider another short position. The trading strategy should reflect a "tentative entry" and "overextending" approach, cautiously assessing the upside potential and waiting for confirmation of key resistance levels. 2. Position and Risk Management Recommendations: It is recommended to enter the market with a small position or a trial order, especially to try long positions near the 65,000 support level. Gradually reduce positions as prices rise, and take profits at the 70,000 level. Short short near 71,500 require strict stop-loss orders. It is emphasized that "operation must be extremely cautious; avoiding losses is paramount." Position control is crucial to prevent reversal risks. Short-term trading is fast-paced, with clear profit-taking points. 3. This strategy is suitable for conservative short-term trading, emphasizing quick entry and exit, and focusing on repeated testing of key support and resistance levels to avoid overtrading. Based on a bear market consolidation pattern with no significant catalysts, it stresses "only going long or short at strong support and resistance levels," making it suitable for traders with a moderate risk tolerance who prioritize capital preservation and small profit accumulation, waiting for higher returns in the later stages of a bull market.