Song Xiqing: The rebound on June 8th is just a "false impression," 63k is already gone, target 55k



The rebound on June 8th, this time, is really just a rebound.

Whether it's because MicroStrategy bought Bitcoin, or Trump called for "peaceful market stabilization"—all rebounds driven by news are illusions.

After the rebound, the market will continue to decline. 59.1k is definitely not the bottom; no bottom in history has been a number like this. It must fall to around 55k to be considered reliable.

I have already built a position at 63k to buy the dip, and if it drops further, I will add more. I plan to hold the dip until the World Cup on June 12th, and keep holding until June 18th.

In mid-June, it will still fall—generally, the bottom of each month $BTC appears around the middle.
BTC3.24%
GT1.68%
ETH4.16%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
Add a comment
Add a comment
ThereAreNoFixedLawsFor
· 1h ago
Absolutely correct!!!!!! That's right
View OriginalReply0
  • Pinned