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Ana insights
๐จ $BTC SPCX โ Is This Rally a Trap? ๐
$ETH SPCX has ripped back toward $BICO 133, gaining nearly 25% in just two days โ right after approximately 911.5M shares became eligible for sale.
The market was positioned for an unlock-driven sell-off, with shorts heavily$ crowded.
Instead, $SPCX pushed higher.
That move likely triggered short covering, while momentum buyers jumped in and added fuel to the rally. ๐$
But here's the important part:
The unlocked supply hasn't disappeared.
Those shares can still enter the market, meaning the potential supply overhang โ and downside risk โ remains.
๐ My roadmap:
$105 โ $125 bounce โ
911M unlock โ
Resistance retest ๐ด
Below $100 โณ
$77โ$85 target ๐ฏ
I'm not chasing $SPCX at $133.
I'd rather wait for a potential panic-driven flush and see whether the $85 area offers a more attractive risk/reward setup.
The unlock may have triggered the rally โ but the supply overhang isn't necessarily over.
Let the market come to you. ๐
#SPCX #CPIToResetFedBets
#CPIToResetFedBets #AIMemorySelloffEases #BTCETHETFInflowsReturn
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