BTC: Summary of wwg community discussions (20:00:11 ~ 21:00:11)

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1. Current Recommended Direction BTC shows a 30-minute divergence in the short term, and KOLs expect the price to break through and quickly surpass the 64k resistance level, favoring a long move with a positive expectation of "breaking through 64k and taking it all in one fell swoop." However, the high-level pattern is weak, suggesting that the risk of a correction after the upward move is overextended should be noted in the short term. 2. Position and Risk Management Recommendations: It is recommended to participate with trial orders or small positions, focusing on the high timeframe support around 65.9k and the 2024 VWAP. If this support is breached, a quick stop-loss is necessary. The profit target can be considered after a breakout above 64k, but overall, position size should be controlled to avoid excessive risk exposure from chasing highs. 3. This trading style is suitable for aggressive short-term trading, utilizing 30-minute divergences and key resistance breakouts to generate swing trades, emphasizing quick entry and exit and dynamic control of support levels. Long-term holding or prolonged positions are not advisable at present; the focus should be on capturing short-term profit opportunities arising from breakouts above 64k.

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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