BTC: Summary of The Lab-ken community discussion (22:00:11 ~ 23:00:11)

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1. The current recommendation is to long on BTC, focusing on a pullback around 69.7 as a potential entry point for long positions. The note, "If the target is 80, a drop below 69 should not be accepted now," suggests a bullish outlook for the subsequent upward move and advises against excessive pullbacks. 2. Position and Risk Management Recommendations: It is suggested to initiate a small position at 69.7, gradually increasing the position after confirmation. It is not recommended to buy below 69, and strictly control the risk of drawdown. The profit target is set around 80. The "grey box" area is emphasized as a key support/resistance zone; pay attention to the H4 timeframe. 3. Suitable for a conservative short-to-medium-term trend following trading style. Based on structural support confirmation at the H4 level, it is suitable for a strategy of phased position building and patiently waiting for pullbacks. The reminder "Do not accept prices below 69 now" indicates that it is not advisable to blindly chase highs or hold positions for too long; quick entry and exit are preferable.

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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