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Song Xiqing: Is the weekend sideways market hiding secrets? If 59k support holds, are bearish opportunities above?
Judging from the current market, weekend trends are usually light, so intraday short-term trading is suitable for back-and-forth moves, and small gains can add up to decent profits. Currently, the price is oscillating in the 59k-61k range.
My thinking is relatively simple: I plan to first go long, with a target around 62k–62.5k; if the price breaks through that area strongly, then look further to the 64.5k-65k range, and then choose to enter a swing short accordingly.
Trading suggestion:
Go long near 58.5k-59k, target around 62k-62.5k, and if it breaks strongly, target 64.5k-65k.
Reminder:
The above analysis is Song Xiqing’s personal analysis. The market changes rapidly. The content is for reference only and does not constitute any investment advice!
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