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Song Xiqing: Dodo is still dreaming, I’ve already seen below 60k.
Most people are now hoping the price can rise to 72-74k, waiting for a “perfect” retracement opportunity.
But the reality is definitely not going to go that way.
We’ve already absorbed most of the liquidity above, and all the chasing Dodo positions are still hanging on top. It’s impossible to pull back now.
There’s a large amount of liquidity stacked below, and it will be swept away sooner or later.
My judgment is that the price will first retrace to 65.6k, then start to crash.
And this rebound just hit my reversal point perfectly, not a single bit off, all the logic lines up.
Now it’s just waiting for time to pass; below 60k $BTC is in sight.