1. Current Recommended Direction BTC is biased towards a short-term bullish trend, with three consecutive days of gains and a breakout from the descending channel, indicating a clear short-term rebound structure. Key levels to watch are 89800 and the lower channel line, where a test of the 91000 resistance level is possible. A decisive break above the descending trendline could lead to a rise to the upper edge of the triangle consolidation at 94000. However, if a pullback fails to hold above the channel, the rebound lacks strength, and there is a risk of further weakness. Short-term caution is advised against overextending the rebound; it is recommended to consider tentative long positions. 2. Position and Risk Management Recommendations: We suggest starting with a small position on a 4-hour chart, focusing on the support level of 88000 and the resistance level of 89800. After breaking through the middle band at 90800, you can gradually add to your position, targeting the resistance levels of 93000 and 94000. If the price breaks below the 88000 support level, set a stop-loss at the lower trendline of the major channel at 85500, and take-profit targets at 91000 and 94000. The trading rhythm should be quick in and out to avoid being trapped after a rebound. 3. This trading strategy is suitable for both aggressive and conservative short-term traders, relying on MACD golden cross and RSI upward confirmation of rebound momentum. Operationally, it emphasizes that "a rebound is a window to escape," with catalysts including a breakout of the downtrend line and the middle channel line. Quick entry and exit are recommended, and caution is advised against the risk of a pullback after the rebound has been overextended; prolonged positions are not advisable.
BTC: Summary of community discussions surrounding the new team of Crypto Big Brilliant (14:00:05 ~ 15:00:05)
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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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