7.7 Tuesday afternoon SPCX thoughts

Today, SPCX was officially included in the Nasdaq 100 Index, theoretically attracting approximately $4.3 billion in passive index fund inflows. However, the positive news had already been priced in by early capital speculation. After rising yesterday, it closed lower, exhibiting a typical "buy the rumor, sell the fact" trend.
The stock has an extremely low circulating float, leading to high price volatility. Combined with the company's large debt issuance and ongoing losses in its AI business, its high valuation based on fundamentals is under pressure. Short-term bullish funds have taken concentrated profit-taking exits on the news.

The immediate strong resistance above is at $167–170, a dense zone of previous trapped positions, making it difficult to break through in one go. Short-term support is at $157–160, and $150 is the key dividing line for the strength of this rally. A break below would completely undermine the short-term bullish structure. The 4-hour indicators are in an overbought retracement state, with a clear decline in upward momentum.
Trading suggestion: Look for short positions on a rebound to $160–163, targeting $157, and if broken, see $155$ETH $BTC $SOL