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Song Xiqing: Is everyone shouting about bottom-fishing? The real bottom has never been something most people can grasp. Chip turnover, time costs—these are the truths hidden beneath the candlestick charts.
After a sharp decline last week, the sentiment shifted overnight from 80k to 40k— but Song Xiqing's judgment is only one: this week, test the bottom support first, and then see. As for where the true bottom is? It has already been marked on the daily chart, and the support in the coming weeks, around 470, will determine the $BTC major bottom.