[Whale 'Set 10 Big Goals First': Still Believes the Current Range is Bitcoin's Short-Term Bottom, Reducing Positions is Not a Change in Direction but Risk Control] BlockBeats News, August 11: Contract whale 'Set 10 Big Goals First' (@jasonleo) posted that their medium- to long-term trend judgment remains unchanged, still believing the current range is a short-term bottom. In the absence of an extreme structural collapse, their assessment of this round's BTC bottom range remains near $58,000. They stated that reducing two-thirds of their position near the $64,000 cost level is not a change in direction but an active measure to control position risk and reserve space for extreme scenarios. If subsequent trends align with expectations, they will look for opportunities to gradually buy back the previously reduced positions. They also emphasized that this account is solely used to document personal trades, akin to a trading journal, and reminded others not to copy their trades. They typically use 3x to 5x leverage and focus on risk control. Recently, Bitcoin has remained largely in a consolidation phase. If position management is done properly, losses are usually limited; however, for traders using high leverage such as 10x or 50x, the risks are significantly amplified. [Original Link]