BTC: Summary of The Lab-ken community discussion (17:00:09 ~ 18:00:09)

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1. Current Recommended Direction: BTC may rise to 70, but caution is advised regarding strong resistance in the 66-67 range. This resistance level showed a clear bearish bias during the New York trading session, indicating a potential pullback after the short-term rally may be overextended. Caution is advised; avoid chasing highs and be prepared for a pullback. 2. Position and Risk Management Recommendations: The current operation involves manually closing all positions, resulting in a profit of +1.44R, indicating a strategy focused on quick entry and exit to lock in profits. Short-term light positions or gradual reduction are recommended, with close attention to the 66-67 resistance level. The take-profit target is clearly around 65,800-66,000. Strict risk control is crucial to avoid being trapped at high levels. 3. Suitable Trading Style: Suitable for aggressive short-term trading, quick entry and exit, utilizing resistance levels for short-term swings. Significant resistance is expected during the New York trading session; the advice is that "a rebound is a window to escape," and holding positions for too long is not advisable. Risk awareness and timely profit-taking are emphasized. The overall strategy is based on short-term fluctuations and lacks clear medium- to long-term trend catalysts.

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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