BTC: Summary of the Theafiro community discussion (06:00:07 ~ 07:00:07)

1. Current Recommendation A cautious wait-and-see approach is advised for BTC. Current long positions are showing significant unrealized losses (opening price $91,506, unrealized loss of $4.69 million), indicating pressure on the bulls. There are no clear signs of a potential upward surge, suggesting a significant risk of a subsequent pullback. Blindly chasing the upward trend is not recommended. 2. Position and Risk Management Recommendations It is recommended to hold BTC long positions with light leverage, avoiding heavy leverage. Monitor unrealized losses and set reasonable stop-loss orders to prevent liquidation. Given the significant unrealized losses on current long positions, exploratory entry is advised, avoiding chasing highs and lows. Pay close attention to the stabilization of key support levels. 3. Suitable Trading Style This strategy is more suitable for conservative medium-term or trend investors. Given the current continuous unrealized losses on long positions, aggressive short-term trading carries significant risk. It is recommended to be vigilant, considering catalysts such as the overall market and ETH breaking through key levels, avoiding overstaying positions, and entering and exiting positions quickly to control drawdowns.