1. The current recommendation is to short BTC, based on the expectation of a return to the 2024 value range (70-60) and a continued bearish outlook in the higher timeframes. A complete correction is anticipated, with a short-term downtrend expected. No mention is made of overextended upward movement or tentative entry points; the strategy leans towards an aggressive short position. 2. Position and Risk Management Recommendations: It is suggested to wait for confirmation from the hourly or 4-hour chart before aggressively short. This implies observing and confirming the signal first, after which you can consider increasing your position size. No specific stop-loss or take-profit levels are specified, but the 70-60 range is a key reference. Short-term trading requires close monitoring of the closing price for confirmation. 3. Suitable for aggressive short-term traders, it relies on bearish signals and key price levels in a high timeframe for confirmation. The operation is fast-paced, emphasizing "waiting for closing confirmation before entering the market", suitable for quick entry and exit, and avoiding long-term holding of positions.
BTC: Summary of The Lab-ken community discussion (23:00:10 ~ 00:00:10)
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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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