1. Current Recommended Direction BTC has rebounded from the lower trendline of its long-term downtrend channel (60000). Although the overall trend remains downward, it has entered a technically oversold rebound phase, long an opportunity for short-term long positions. However, be wary of a potential bottom without a clear bottoming pattern. Key levels to watch are the resistance at 71700 and support at 59000; a break below these levels could lead to a test of 43000. This short-term rebound presents a window to exit positions, suitable for buying on dips and waiting for confirmation of a bottom. 2. Position and Risk Management Recommendations: We suggest starting with a small position, testing short-term opportunities, and gradually observing the 4-hour chart for volume and indicator reversal signals. The stop-loss can be set below the support level of 59000, and the take-profit target is around the resistance level of 71700. Heavy positions are not advisable at this stage; the focus should be on risk control to prevent a continued downward trend towards 43000. 3. Suitable for aggressive short-term trading, seizing opportunities from technically oversold rebounds, quick in and out, avoiding prolonged positions. Use 4-hour volume and indicator reversals as entry catalysts. Conservative medium-term investors are advised to wait for a clearer bottoming structure to form.
BTC: Summary of community discussions with the new team of Crypto Big Brilliant (14:00:10 ~ 15:00:10)
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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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