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Song Xiqing: A reversal is imminent! Place orders boldly near 64k—the next target directly at 60k!
From the current price structure, the Asian session saw a strong surge this morning, and our position was perfectly exited. The market moved up to around 64k, reaching our planned order level as well. The rise is nearing its end, and the reversal signal is about to come.
We currently have orders placed around 64k. If there is a strong upward push, I will add orders around 65k. The target for the larger time frame remains the same as before (the 50k low). Unless it breaks below 55k, I won’t consider that the market has bottomed.
Trading suggestions:
Place orders around 64k–64.5k, add around 65k–65.3k, stop loss at 66k, target 62.5k–61k, and if it breaks through, look to 60k.
Second order—sync it as well.
Tip:
The analysis above 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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