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Song Xiqing: Only 4 Days Left Before the Plummet? Above 62.5k, the Last Entry Ticket for Shorts
I still think the price will first push to the 62.5k level, around June 30th. Once it gets there, it should face resistance, then reverse downward to a new lower low.
But if 62.5k doesn’t hold, then I’ll look at the 64k extension level. At that point, I plan to go short for a quick trade, with an initial target back near 50k.
Trading suggestion:
Go short near 62k–62.5k, add to the position near 64k, stop loss uniformly above 64.5k, with targets at 55k–52k–50k.
Reminder:
The above analysis is Song Xiqing’s personal opinion. The market changes rapidly, and the content is for reference only. It does not constitute any investment advice!
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