Song Xiqing: 62k or 64k, where is the next short squeeze point?

I am very confident that these two zones, around 62k and around 64k, are key. The price will test them first, then get rejected from one of them and start moving toward 56-58k.

It might even go lower, to 54-55k. One thing I’m quite sure of is that we will eventually touch the low 50k range.

Because if you’ve seen my post about the Bank of Japan, we predicted at that time that the price would drop 20-25% from the lower high (67.2k), and it has only dropped 13% so far, meaning there is still an expected decline of 7-12%.

So once the price reaches those zones, I will start building another batch of shorts and hold all the way to 50k.
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