Summary of TraderCash community discussions in the BTC: Arena (02:00:11 ~ 03:00:11)

1. Current recommendation: Wait and see. Long is not advised at this time. While a slight rebound is possible in the short term, the overall price action has rejected the price range's resistance level, posing a risk of further decline. Key opinion leaders (KOLs) have explicitly stated they will remove long positions, fearing that price movements will lead to a new round of declines, warning that "a rebound is a window to escape." 2. Position and Risk Management Recommendations: The previously set entry point for long positions was 63936.1, with a stop-loss at 62646.7 and target prices of 65528.0, 69519.0, and 72393.3, respectively. However, it is now recommended to cancel long positions, as the stop-loss has been set tighter, emphasizing rigorous risk control to avoid losses in the event of a potential downturn. 3. Adapting to Trading Style: This strategy is originally suitable for aggressive short-term trading, attempting to capture small rebounds. However, due to unclear price movements, it is recommended to enter and exit positions quickly, avoiding prolonged holding. The overall approach leans towards short-term flexibility, emphasizing the risk of "overextending" during rallies, and reminding investors to operate cautiously and adhere to bottom lines.