BTC: Summary of wwg community discussions (23:00:10 ~ 00:00:10)

This article is machine translated
Show original

1. Current Recommended Direction: BTC has held above the ML sweep line, but short-term price action is unusual. Increased volatility is expected ahead of economic data releases. It is recommended to remain on the sidelines and wait for data catalysts before identifying a clear direction. Avoid blindly pushing prices up or shorting; focus on tentative entry points. 2. Position and Risk Management Recommendations: Light positions are recommended for initial trades. Avoid heavy positions and strictly control risk. Pay close attention to upcoming economic data releases. Maintain a defensive stance before data releases, setting tight stop-loss orders to protect against sudden fluctuations. Adding to positions or chasing highs and lows is not recommended at this time. 3. Suitable Trading Style: Suitable for conservative short-term or range-bound trading. Given the upcoming economic data catalysts, quick entry and exit are emphasized. Avoid overstaying positions or trend betting. Aggressive trend investing is not suitable at this stage. Pay attention to the timing of news-driven trading.

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.
Like
Add to Favorites
Comments