1. Current Recommended Direction BTC long positions have recently shown divergent performance, with signs of overextended upward movement. Short-term traders should be wary of pullbacks following rallies. The overall bias is towards cautious entry on pullbacks, but it's advisable to remain on the sidelines and wait for price confirmation of support before adding to positions. 2. Position Size and Risk Management Recommendations BTC trading is recommended to start with small positions, gradually building positions, and strictly setting stop-loss orders to prevent rapid reversals due to overextended upward movement. Pay close attention to the 65,000-66,500 price range as key support/resistance. Avoid heavy positions in the short term. A take-profit target can be considered around 66,300. 3. Suitable Trading Style This strategy is suitable for aggressive short-term traders and conservative medium-term traders, emphasizing quick entry and exit, avoiding overtrading. It utilizes short-term market fluctuations to profit from price differences, suitable for capturing pullback opportunities after overextended upward movement, and does not rely on long-term trends or fundamental catalysts.
BTC: Summary of discussions in the jinmu community (06:00:09 ~ 07:00:09)
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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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