【💣Two major pieces of news! One breaking a record + one sudden halt, the crypto circle can’t sit still! 💣】

Today the market exploded with two big shocks, one positive and one negative, leaving people both excited and conflicted! 🚀

🔥 First shock:
The leader in space exploration today completed its IPO pricing, at $135 per share, raising $75 billion! Valuation skyrocketed to about $1.8 trillion! Oversubscription exceeded 4 times, with total demand surpassing $250 billion. This is a big deal! Tomorrow, June 12, it will be listed on Nasdaq under the ticker $SPCX! According to new regulations, it may be quickly included in the Nasdaq-100 index within 15 days, which is expected to trigger about $7 billion in passive buying! Many friends have already started to position in its tokenized stocks in crypto, after all, physical stocks can’t be bought, so the token track always needs to keep up!

❄️ Second shock:
Just as everyone was full of expectations for the IPO, OpenAI suddenly hit the brakes—delaying the IPO plan until 2027! Meanwhile, Oracle’s Q4 earnings report hit a new high, but due to the heavy spending on AI infrastructure, free cash flow was deeply negative. After the earnings report was released, the stock plunged sharply! These two opposite pieces of news together essentially point to the same core contradiction—when the rate of spending outpaces the rate of financing, how far can this wave go?

📉 Let’s talk about signals in the market

First, look at $SPCX , which has recently accounted for over 70% of trading volume in certain sectors over the past 24 hours! Although token prices are hovering around 160, higher than the $135 issuance price, technically, the short-term RSI has dropped below 25, indicating severe oversold conditions, and MACD is also below water, leaving room for short-term bullish and bearish battles. On the other hand, $OPENAI has dropped nearly 5%! The daily MACD has a death cross pointing downward, and RSI is only in the teens! One token is riding the halo of a giant IPO, while the other is hammered down by delayed news, with completely different short-term sentiments.

Additionally, Ethereum $ETH has also been fluctuating recently, dropping from above $2000, though there has been some rebound in the past few days, the long and short battles in the derivatives market remain intense.

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⚠️ Crypto Survival Manual

Market news determines the direction of position opening, technical analysis determines entry and exit points, combining both is the way to go. Especially on days with dense news, only looking at K-lines can get you smashed by big orders into doubt, only following news can lead to chasing the all-time highs and getting hung on the flagpole.

👉 Follow me, daily uncovering the most important signals, helping you avoid obvious traps, only discussing hardcore observations!

(The above is only personal observation, not any advice, DYOR!)

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