Song Xiqing: First push to 65.5k then crash to 60k? This rebound may be just a trap.

The price first dropped to around 61k, then bounced to 64k, directly liquidating the shorts. But this rebound was mainly driven by short covering, so a pullback was inevitable, and indeed it later precisely hit 62.7k.

Next, I lean towards the market continuing upward, targeting the remaining liquidity around 65.5k, which is also the area where we plan to short. I estimate it will form a secondary high there, then the market will truly turn around and crash to 60–61k.

Why do I judge this? Looking at the chart, liquidity is being deliberately created on the downside, while on the upside, stop losses are being cleared and latecomers are being trapped. After completing both upper and lower actions, the real decline will begin, and by then the lower support will likely not hold, and the rebound is expected to be weak.

Of course, this is just a stage judgment based on current price action. I will update in real time as subsequent data changes.

Summary: First look for a rally to 65.5k, then look for a retracement to 60–61k.
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