Congratulations to those who followed the Bitcoin long position at 62,500 and have continued to profit!

Chu Yuechen: August 4th Bitcoin/ETH Trading Reference. The market is caught in a tug-of-war between geopolitical easing (bullish) and regulatory/funding factors (bearish). For BTC, watch whether 63200 holds in the short term; a break below this level would target 62400. The 63800-64050 range represents significant resistance. ETH is relatively weaker; a break below 1840 would open up a 1800-point gap. The current market is a typical wide-range fluctuation. For Bitcoin, watch the resistance around 64000; a successful break above this level would target the 65500-66000 range. Support is at 62000-62500. The strategy is to buy low and sell high, without overly focusing on the trend. We've been using a buy-on-dips strategy these past few days, primarily placing long orders around 62500, resulting in several trades that have yielded several thousand points, which is quite good. We've consistently emphasized in the discussion group that long positions should have a stop-loss at 62000, which is only a few hundred points; exit if it breaks below. There's also a lot of upside potential. Trading a few hundred points of stop-loss for a potential gain of one or two thousand points, or even more, is very worthwhile. And indeed, we successfully captured that profit. Congratulations to those who followed along. Today's strategy remains the same: For Bitcoin, buy around 63200, and consider adding to the long position at 62500, with a stop-loss at 62000. The target is 65500-66000. For short positions, consider entering at 65500-66000, with a stop-loss at 67000. I won't elaborate on ETH; the stop-loss for long positions is 1800. Specific operations should be based on real-time market changes! There are multiple short-term trading opportunities every day, and the medium-to-long-term strategy continues. Welcome to exchange ideas; see my profile for details.