BTC: Summary of the Lab-cryart community discussion (19:00:10 ~ 20:00:10)

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1. Current Recommended Direction - We recommend long on BTC. We expect a false sell-off today that touches the liquidity zone before a major upward wave that will push the price up to the 72-73K range. - Clearly identified as a "scam move" to induce short selling followed by a bullish rally, emphasizing a bullish pullback and testing of the untouched POC (control point), coupled with a bullish divergence on the H4 timeframe. 2. Position and Risk Management Recommendations - This suggests starting with a trial order or a small position, and gradually increasing the position after confirming the liquidity level by waiting for a false sell-off. - Pay close attention to today's CPI data as a catalyst. It is recommended to grasp the fluctuation rhythm around the time before and after the data release, and to be clear about the time nodes. - No specific profit-taking or stop-loss points are specified, but 72-73K is the main target range, and a pullback that does not reach the POC is an important risk control reference. 3. Adapt to trading styles - Suitable for aggressive short-term traders who take advantage of the high volatility caused by CPI data to make quick in-and-out trades and catch the "bear trap + rally" rhythm. - Emphasizing the "scam move" tactic to induce short selling, it suggests quick reactions and advises against lingering in positions. The strategy is best suited for following the main upward trend.

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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