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Song Xiqing: Iran refuses the bloodstained olive branch, the rebound is under pressure, and the opportunity above is already in place!
From the current market conditions, after getting smashed yesterday, it has now returned to around 64.6k.
This wave of decline really did scare a lot of people, but the current trend looks more like a large-scale entry to absorb liquidity rather than a genuine reversal breakout.
Trading suggestions:
Bitcoin (BTC): Rebound to around 65.5k–66k, with a target around 63k–62.5k; if it breaks out, look toward 60k.
Ethereum (ETH): Rebound to around 1790–1815, with a target around 1705–1680; if it breaks out, look toward 1650.
Reminder:
The above analysis is Song Xiqing’s personal analysis. The market changes in an instant, and the content is for reference only. Everything is based on Song Xiqing’s live market view!
$BTC $ETH $SPCX