BTC: Summary of Jayson Casper's community discussion (04:00:09 ~ 05:00:09)

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1. The current recommendation is to remain on the sidelines and observe, without explicitly stating long or short. However, it is noted that if there is another sweep of BTC against dLow and a crash signal similar to the ETH 3-minute order book, it could push BTC down to $63,000 or lower, suggesting a downside risk that is open to confirmation. There are no signals of "overextended upward movement" or "tentative entry." 2. Position and Risk Management Recommendations: Active entry is not advised at this time. Maintain a no-position or light-position observation, waiting to see if the key support level (dLow) is broken. While no specific profit-taking or stop-loss points are defined, $63,000 is a key potential downside target price, making it suitable to set risk monitoring around this price level. 3. This strategy is suitable for traders with a conservative, observational trading style or those who prefer aggressive, short-term trading focused on key support levels. It emphasizes the sensitivity to the 3-minute order book and low-point sweeps. Based on short-term technical signals, the strategy advises caution while waiting for a breakout direction, avoiding blindly chasing highs or deep entries. It is suitable for quick in-and-out trades and not for holding positions for too long.

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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