BTC: Summary of Discussions in The Lab-ken Community (02:00:11 ~ 03:00:11)

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1. The current recommendation is to long on BTC, with a clear bullish outlook, but the 64-65k support level must be held; otherwise, a pullback to 60k is possible. There is no indication of overextended upward movement or tentative entry; based on last week's continued bearish sentiment, we expect a continuation of the rebound this week. 2. Position and Risk Management Recommendations: We recommend a long entry price of $65,172, a stop-loss at $64,172, and a target of $69,000, with a risk-reward ratio of 1:3.83. Risk control is clearly defined; a small position of 0.1 units is recommended, with risk kept below $100. The operation is based on the H1 level imbalance point, combined with nPOC (next-point investment portfolio) positioning. 3. Suitable for aggressive short-term trend trading, this strategy relies on hourly technical charts for rapid entry and exit, with clear stop-loss and take-profit orders. It emphasizes holding key support levels and avoiding overtrading. The strategy leans towards a more conservative approach, paving the way for long positions and waiting for confirmation of a breakout before quickly adding to positions. Avoid blindly adding to 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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