Long

BTC has the potential to continue to rise from its current posit

Updated

Leverage and Position Sizing:

Use 10x leverage.
Initial position size: 20%-30% of total capital. If key levels are broken, consider increasing position to 30%-40%.
Entry and Confirmation:

Enter a light long position around $69,455, waiting for the 1-hour RSI to break above 50 for confirmation of an upward trend.
If price breaks above $70,200, consider adding to the position. If it fails to break and starts to pull back, reduce the position to manage risk.
Take-Profit and Stop-Loss:

Short-term targets: $70,200 and $72,000 for taking profits.
Stop-loss: $68,705 (about 1.5x the ATR range).
Risk Management:

Monitor volume and RSI for trend confirmation.
Adjust position size and take-profit levels based on market volatility to ensure risk control with the 10x leverage.

Order cancelled

Falling below the range, choose to go down, stop being optimistic

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