BTC: Summary of Old Demon Community Discussions (17:00:11 ~ 18:00:11)

1. The current recommended direction is that the author is clearly bearish on BTC. The current cross margin with 20x leverage, with an opening price of 69477. There is no mention of overextending or pulling back on rallies, indicating a firm short position. 2. Position and Risk Management Recommendations: We recommend a heavily leveraged short position. Start with a short position at 4.88x, quickly add to the position at 15.35x, and finally a full position at 20x, reflecting a gradual escalation strategy. There are currently no clear profit-taking or stop-loss points indicated; close monitoring of price movements is necessary for timely adjustments. 3. Suitable for aggressive short-term high-leverage trading, it utilizes rapid position averaging to capture downward trends, emphasizing quick entry and exit, and is not suitable for holding positions for too long. It is suitable for traders with a strong risk tolerance.