BTC: Summary of Chen Ge's Contract Community Discussion (17:00:05 ~ 18:00:05)

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1. Current Recommended Direction It is recommended to focus on the downtrend line of BTC. To determine the future market trend, the direction must be confirmed by a reverse action: if it wants to continue falling, it must first test the uptrend; if it wants to rise, it must first fall. The current market is in a consolidation phase, suggesting that there may be opportunities to tentatively enter positions in the short term, either by pushing the price up too much or waiting for a pullback. Be especially wary of breakouts after a trendline breakout. 2. Position and Risk Management Recommendations It is recommended to use a trial or light position strategy, gradually adding to the position after a clear directional signal. Heavy positions require caution, emphasizing the importance of monitoring the downtrend line and pullback points as key risk management points. Stop-loss and take-profit orders are not explicitly stated, but it implies close monitoring of trendline changes to avoid being trapped by false breakouts. There is no specific time frame; real-time tracking of market rhythm is necessary. 3. Suitable Trading Style This strategy is suitable for aggressive short-term speculators, relying on trendline probing actions to quickly enter and exit positions, capturing high-probability opportunities before breakouts. The strategy emphasizes "first a reverse move, then a breakout," making it suitable for quick in-and-out operations, but not for holding positions for too long or for prolonged periods. One must be highly vigilant against market shakeouts and false breakout traps.

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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