BTC: Summary of Red Dead Redemption Community Discussions (08:00:11 ~ 09:00:11)

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1. Current Recommended Direction BTC is fluctuating around the 66900 level, which is the dividing line between bullish and bearish trends on the daily chart. The current price of 66800 is slightly bearish. It is recommended to be cautious about long and be wary of the risk of "overextension of the rally". In the short term, it is better to wait for a pullback to build positions and avoid blindly chasing the high. It is more prudent to build positions tentatively. 2. Position and Risk Management Recommendations: We suggest starting with a small position, paying close attention to the key support and resistance levels of 66700 and 66900. Set a short-term stop-loss below 66700, with profit targets at 67100 and 67400 respectively. We recommend gradually increasing your position size, avoiding heavy positions and holding on to losing positions to prevent the risk of liquidation due to a pullback and subsequent breakdown. 3. Adaptable to Trading Style: This strategy leans towards stable short-term operations, suitable for aggressive short-term traders who want to enter and exit quickly. It utilizes key support and resistance levels to repeatedly trade in waves, emphasizing that "a rebound is a window to escape," and discourages holding positions for too long. It also requires close attention to intraday key price levels and flexible adjustment of positions.

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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