$SPCX Continue to stay bearish. I think many people want to gamble on a rebound at this level, but I still feel that shorting with the trend is safer. Right now, the 4-hour short structure is still intact, and the daily range is still doing its job; the price has shown a clear reaction in the 123.08 to 123.34 area. Looking at the 15-minute RSI, it’s currently 35, which suggests the bears may still have room to push further downward. Also, the 15-minute volume/energy data confirms real sell pressure. You can watch for entry opportunities around 123; the lower target could be around 120.7. Please pay attention to risk—your defensive level can be set above 124.46; don’t go in too aggressively.