BTC: Summary of the Theafiro community discussion (10:00:06 ~ 11:00:06)

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1. Current Recommended Direction: Regarding BTC, the group's opinion leans cautiously bearish, clearly expressing extreme dissatisfaction with the current candlestick pattern, suggesting a possible continuation of weakness in the short term. There are no clear bullish signals, and there is a risk of "overextension" in the upward movement. It is recommended to observe or try shorting with a small position. 2. Position and Risk Management Recommendations: Light position trading is recommended to avoid chasing highs with heavy positions. Risk control is emphasized. There are currently no specific stop-loss or take-profit points, but this implies that blindly adding to positions is not advisable. It is recommended to wait for a clearer pullback confirmation before entering a position. 3. Suitable Trading Style: Suitable for aggressive short-term trading. The key is to guard against the risk of rapid reversals. It is recommended that "a rebound is a window to escape," avoiding prolonged positions. Quick entry and exit are emphasized, maintaining high vigilance to avoid being trapped.

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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