Alert sounded! SPCX broke below the 200 support line, are the bears' sickle already swinging towards 180?

In the crypto market, survival is more important than quick gains, because in the high-leverage meat grinder, greed is often a prelude to liquidation.

Technical analysis shows that SPCX on the 1-hour chart is in a unilateral downtrend, with the price plunging from a high of 228 to 190.8. Short-term moving averages are in a bearish alignment, MACD has a death cross and is diverging, indicating strong downward momentum. The 200-level support has been lost, and market sentiment is extremely panic-stricken.

Combining liquidation maps and smart money data, the bearish signals are very clear. There is a large accumulation of red short liquidation zones around 195-198, forming a strong resistance wall; although green long positions have support at 190, smart money short holdings are as high as 2.31 billion, with an over 81% win rate, indicating institutions are continuously increasing their short positions. Against the backdrop of a weak market, SPCX is very likely to follow and test the bottom.

In terms of trading, shorts near 195-198, target around 185-180;

Longs near 180-175.

Currently, the market is in a brutal squeeze with both longs and shorts, blindly bottom-fishing is no different from "catching $HYPE flying knives."