The recent $SPCX volatility is indeed very large. Delays to Starship testing have caused market sentiment to swing back and forth, but from the order book, support around 111 is still holding. On the 4-hour timeframe, several consecutive retests failed to see further volume increase and a breakdown below the level, which suggests that this spot has already started attracting incoming capital. The current price has returned to around 116 and is trading in a range. As long as 111 is not lost, I believe the rebound structure hasn’t ended yet.

In terms of news, although Starship launches still carry uncertainty, the market has already discounted a fair amount of the negative news in advance. If subsequent tests progress smoothly, market sentiment is very likely to turn bullish again, and SPCX could also see a valuation repair. For the short term, the key focus is the 120–130 range. If it can break above with increased volume, there may be further room opening up to the upside.

This time I also positioned long in advance. I’ve already booked more than 300%+ returns, but I don’t think the market move has finished. As long as key support hasn’t been effectively broken, I’ll still lean toward staying bullish and won’t easily change my view just because of short-term consolidation. Of course, trading still needs to respect the market and manage position sizing properly.

If there are any new developments with Starship afterward, or if the chart shows new signals, I’ll share my trading thoughts and market view as soon as possible. Welcome to join me in the main camp to exchange and discuss together. $BTC $ETH #SEC推进美股24小时交易