1. The current recommendation is to long on BTC. Pay attention to whether the 4-hour low holds. If it holds, a bullish pattern will form, with a target of $73,000. If the low is broken, it is expected to first test $68,000 for a shakeout before going up again. 2. Position and Risk Management Recommendations: It is recommended to establish a long position based on the 4-hour low. Initially, a trial order can be placed to observe the situation. If the price holds, the position can be gradually increased. The stop-loss point should be set below the 4-hour low. If it breaks below, be wary of a potential sell-off to $68,000. The target profit is set at $73,000. 3. This strategy is suitable for a conservative medium-term investment approach, gradually adding to positions after confirming a bullish pattern. It is based on the key 4-hour low support level, emphasizing that the trend will move upward after the support is held. It is suitable for trend followers, but cautions against the risk of the low being breached to prevent being emotionally affected by stop-loss orders.
BTC: Summary of the Lab-deda community discussion (00:00:10 ~ 01:00:10)
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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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