BCH: Summary of the discussion in the Shuqin Mute Group (18:00:05 ~ 19:00:05)

1. Current Recommended Direction BCH is currently in a rebound phase of the Altcoin cycle. After mainstream coins consolidated, BCH experienced a surge, showing signs of a short-term tentative upward move. However, significant resistance lies in the 630-650 range, posing a risk of overextending the price. It is advisable to be wary of a pullback from these high levels and to wait for a correction before entering the market. 2. Position and Risk Management Recommendations: It is recommended to short short positions in batches, especially in the 630-650 resistance zone, employing a long-term short strategy with 1x leverage. The profit target can be set at 70-100 points on a pullback. Emphasis should be placed on entering the market in batches to reduce risk. In the short term, heavy long positions are not recommended; long, trial positions, strictly controlling position size, and being wary of risks from institutional selling. 3. This trading style is suitable for stable medium-term trend investing. Given the negative catalysts of the failed January interest rate cut expectation and institutional selling, a quick in-and-out trading strategy is recommended. Be wary of "dead cat bounce" traps and avoid holding positions for too long. It is advised to follow the main players' moves, establishing short positions on rallies while maintaining a cautious approach.