BTC: Summary of Discussions in The Lab-ken Community (06:00:09 ~ 07:00:09)

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1. The current recommendation is to long on BTC. The low timeframe structure has been confirmed to be bullish. The stop loss has been raised to the current low, indicating that the trend is bullish and has upward momentum, with no obvious overextension or pullback concerns. 2. Position and risk control recommendations: Use a trailing stop-loss strategy. Entry price is approximately $65,172, original stop-loss is $64,172, now the trailing stop-loss is adjusted to $65,080, target price is $69,000, risk-reward ratio is originally 1:3.83, when the trailing stop-loss is triggered the risk-reward ratio drops to 1:-0.09. It is recommended to enter with a small position or a trial order, strictly implement the stop-loss, and move the stop-loss point upward as the market structure adjusts to prevent the drawdown from expanding. 3. Suitable for a stable medium-term trend following trading style, relying on low time frame structure to turn bullish signals, emphasizing dynamic stop loss management, reminding traders to "move stop loss up to lock in profits", not to hold positions for too long, suitable for quick entry and exit or holding until the target price, pay attention to structural changes and adjust positions in a timely manner.

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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