BCH: Summary of the discussion in the Shuqin Mute Group (18:00:10 ~ 19:00:10)

1. Current Recommended Strategy - We recommend a long-term short position strategy for BCH with 1x leverage, focusing on placing short orders in batches around the previous high of 630-650, specifically at 626 and 646. - Our view leans towards BCH's short-term strength, but there is a risk of overextending itself. A pullback is expected near the resistance zone; chasing the price higher is not recommended. - We explicitly advised Bitmain to sell mining rigs after pushing up BCH prices, and to take profits after selling, suggesting a pullback is inevitable. 2. Position and Risk Management Recommendations - We recommend light position trading, with each order representing 10% of the total position, placed in batches, with the overall position kept below 20%. - Profit-taking should be phased: for short-term trades, half can be taken out initially, with target prices of 615 (conservative), 590, and 530 for subsequent profit-taking. - Set a stop-loss order when the price breaks through the previous high of 660 and holds above it without falling back. Be wary of false breakouts. Set a relatively high stop-loss level to prevent frequent exits. - Emphasize using only 1x leverage to avoid liquidation and be prepared for long-term holding. 3. Suitable Trading Style - Suitable for conservative medium-term investors, not aggressive short-term traders. Emphasize "hold at 1x and it will come down," focusing on patiently waiting for pullbacks to realize profits. - Based on the catalyst of Bitmain selling mining machines, remind investors that "they will take profits after selling, don't buy in," and advise against holding positions for too long to avoid being trapped. - The trading strategy emphasizes win rate and risk control. It is recommended to avoid placing orders at round numbers to guard against false breakouts and breakdowns, aiming for a stable profit-loss ratio.