BTC: Summary of the Lab-deda community discussion (18:00:11 ~ 19:00:11)

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1. Current Recommended Direction The BTC price has confirmed a divergence on the 1-hour chart, indicating a short-term bearish trend. If it starts to fall, the target is $65,500. Short is recommended, but be wary of a rapid pullback after the rally has been overextended. 2. Position and Risk Management Recommendations: We suggest starting with a small short position, paying attention to the support level of $65,500. You can gradually add to your short position on any rebound. Set your stop loss above the point where the divergence fails. This is a short-term trading strategy, so strict risk control is essential. 3. Suitable for aggressive short-term traders. Based on technical divergence signals, it emphasizes quick entry and exit. Rebounds are the windows to escape. It is not advisable to linger in the market. It is essential to keep a close eye on the price rhythm.

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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