1. Current Recommended Direction: BTC's current pattern suggests a possible false breakout, potentially repeating the "false rally" pattern of January. A cautious bearish stance is advised, with the price expected to pull back from around 65k VAL, possibly even below 60k. Avoid blindly chasing the price higher and be wary of the risk of a rapid pullback after a "price surge." 2. Position and Risk Management Recommendations: Light positions or trial trades are recommended, focusing on the key resistance level of 65k. If this level cannot be effectively broken, consider reducing positions or setting a stop-loss. Stop-loss orders can be placed below 60k to prevent further retracement. Heavy betting on a price surge is not recommended; emphasize phased entry and dynamic adjustments. 3. Suitable Trading Style: Suitable for aggressive short-term traders who utilize false breakouts to create swing trading opportunities. Emphasis is placed on "bull runs as a window to escape," avoiding prolonged positions and focusing on quick entry and exit. Conservative medium- to long-term investors are advised to wait for clearer trend signals to avoid being trapped by market fluctuations.
BTC: Summary of The Lab-ken community discussion (22:00:10 ~ 23:00:10)
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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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