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Song Xiqing: The rally is nearing its end, preparing to look for a dip-buying opportunity
Brothers, the liquidity around 65-67k has basically been swept away, and the momentum for dips is clearly starting to weaken. This wave of rally, up to now, the cost-effectiveness of chasing dips is no longer high.
I have already positioned around 67.2k for a swing trade dip-buying.
If the market continues to push upward, reaching the 68-70k range, I will consider adding to my dip positions in batches.
There is still a final portion of liquidity unaddressed in that area, so it’s possible to first push a wave to induce dips, then turn downward.
At this stage, I am not considering chasing dips, just waiting for the market to sweep the liquidity above.
The truly comfortable dip-buying opportunity is not when others call for a bull market, but after the market has caused panic and completed the cleansing.
The road to success is always winding, and those who persist are always in the minority.
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