BTC: Summary of discussions in the Shuqin-banned group (17:00:10 ~ 18:00:10)

1. Current Recommended Direction - It is not advisable to blindly buy the dips in BTC in the short term. A second dip is expected, and the bottom is far from being reached. The market is in a rebound and consolidation phase. Short-term traders can consider shorting at the rebound high (around 7.15) and wait for the next wave of decline. - It is clearly stated that "Bitcoin will definitely go down again", but we need to wait patiently for more than 3 weeks of consolidation and a second bottom test. It is not recommended to chase the rise and long. Beware that "60,000 is definitely not the bottom of this round". - The rebound is a "flight window" to escape; you can use the rebound high to short, and wait for the real "dead silence" to be the final bottom. 2. Position and Risk Management Recommendations - It is not advisable to buy the buy the dips with heavy positions at present. It is recommended to participate in short-term trading with light positions, especially to "short again" when the price retests the high on July 15. - Profit from short-term rebounds and gradually accumulate more capital for buy the dips, demonstrating that "buy the dips capital is more abundant"; - There are no specific profit-taking or stop-loss values, but it emphasizes real-time market monitoring, flexible operation, and being prepared to wait for a period of more than 3 weeks. 3. Adapt to trading styles - Suitable for aggressive short-term trading, taking advantage of rebound highs to short and quickly profit. Blindly holding for the long term or heavily buying the buy the dips is not recommended. - It is emphasized that bear markets are long and grueling, requiring psychological preparation and patience, and avoiding emotional trading. - Focus on technical and cyclical rhythms, combined with market sentiment that "fear is the bottom," avoid prolonged positions, and prioritize quick entry and exit.