Song Xiqing: First rush to 65.5k then smash to 60k? This rebound might just be 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 later it indeed reached 62.7k, hitting precisely.

Next, I lean towards the market continuing to move up, targeting the remaining liquidity around 65.5k, which is also the area we plan to go short.

It is estimated that a secondary high will form there, and then the market will truly reverse, smashing down to 60–61k.

Why this judgment? Looking at the chart, liquidity is being artificially created below, while above they are sweeping stop-losses and trapping those chasing the rally.

Once the actions at both ends are completed, the real decline will begin, and the support below will likely not hold, and the rebound is not expected to be strong.

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

Summary: First look for a run to 65.5k, then look for a pullback to 60–61k.

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