Song Xiqing: How many targets will this drop hit? 61.3K, 60.6K — not one will escape



The current situation is clear: price just retested above 62.8k, got rejected cleanly, bears are in control. By the script, the next main battlegrounds are 60.6k and 59.5k. Given the way it's moving, it's likely heading all the way south.

My operation is in three steps:
First step, the short at 63k is already secured, first gobble up the liquidity at 60.6k;
Second step, 60.6k will probably be pierced directly, then it will smoothly step down to 59.5k to catch a breather — once there, I plan to go long for a swing rebound, targeting 65.6k;
Third step, 65.6k will likely form a secondary high — that's where the real drama is — after that, it will smash down below 50K.

Two key targets below:
One is Monday's low at 61.3k, which was previously swept early due to buy order accumulation. Let's see how long it can hold this time;
The other is 60.6k, where liquidity is piled up like a mountain — sooner or later it will be swallowed whole. I'm watching both of these closely.

On the timing, over the next 1-3 days, my judgment is very clear: first harvest these two levels on the way down, then a bounce. As for whether the bounce will cooperate, that's up to the market.
$BTC $ETH $GT
BTC1.36%
ETH0.42%
GT1.57%
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