6.18 Afternoon SPCX Market 🍜 Poetry and Fate Viewpoint

Surge high then plunge, rebound with priority high gap!
After hitting the 213 high point, it faced strong resistance and plunged sharply, with fierce divergence between bulls and bears, bulls unable to push higher, bears releasing selling pressure intensively, dropping to a low of 187, now at 193 entering a low-range oscillation for recovery.
The 4-hour chart shows a long upper shadow topping candlestick, a large bearish candle directly engulfs several previous bullish candles, indicating a direct reversal of the bullish trend; short-term moving averages turn downward, suppressing the price, rebound strength is weak, currently only a minor correction after a big drop, no sign of a reversal or strengthening.
Resistance levels: 196-198, strong resistance 202-205
Support levels: 190-192, strong support around 187
Trading suggestions:
1. Lightly short in the rebound zone of 196-198, stop loss above 203, target 192-190, if it breaks below 187, look towards 184, and take partial profits at support levels.
2. If it stabilizes after retesting 187-190, lightly go long for short-term gains, stop loss below 185, target 195-197; if it effectively breaks below 187, abandon the Doudan Silk Road, wait and see for new support. $BTC $ETH