7.6 Monday SPCX Morning Thoughts

The early dividend from the previous non-farm payroll easing expectations has been fully digested. Today, the US Dollar Index and US Treasury yields are rebounding simultaneously, and overall risk appetite in the crypto market is cooling down. As a SpaceX stock token, SPCX's price action is constrained by both the US aerospace sector and the crypto market, and the divergence between bulls and bears is intensifying.
On the technical side, short-term strong resistance is concentrated in the 170-172 USD range. Multiple intraday rallies have encountered concentrated profit-taking pressure here, accumulating previous trapped positions. Without the support of volume-driven incremental funds, a breakout is difficult. Mid-term key resistance is at the 180 USD options call concentration level, and the upside space is continuously compressed. Short-term defense support is at 159-161 USD. The 150 USD integer level is the key dividing line for the strength of this rebound, combined with the previous correction accumulation zone. Once it effectively breaks down, the short-term event-driven recovery will completely end, with the next support looking at the 147 USD deep correction range. On the indicators, the 4-hour bullish momentum continues to weaken, RSI has turned down from high levels, MACD bullish bars are narrowing, and the price is trading below the short-term moving averages. The short-term bullish structure is gradually loosening.
Operation suggestion: Short at 162-163, target 160, if broken, see 157$BTC $ETH $SOL