First, the takeaway: SPCXB has staged a solid rebound, and short-term sentiment is improving.
Market data: Current price 142.42, up 5.79% in 24 hours; trading volume 45 million USDT; intraday high 143.33, low 133.51; amplitude 7.4%.
The current price is near the upper end of the intraday range (91%). There was no notable pullback before the close, and the session ended on a strong note.
The price is above the 7-day moving average (135.14) and below the 25-day moving average (142.78); the short-term structure remains intact.
Looking at the broader picture, the price is 14.8% below the 30-day high of 167.15. The 30-day low is 120.55, and the 7-day cumulative gain is 3.6%.
The clear increase in trading volume suggests substantial real-money trading during this move.
The key levels are clear: 143.33, the intraday high, is resistance above; 133.51 is the short-term support level below. As long as the latter holds, the bulls still have a chance.
Keep an eye on two things next: whether the price can reclaim the 7-day moving average, which would be the first signal that this correction is over; and whether the funding rate continues to diverge, as overheated sentiment is often followed by a pullback.
Which part of this move did you catch, and which part did you miss?
(This is a record of market analysis only and does not constitute investment advice. Futures trading involves risk.)
#SPCXB #K线复盘 #MarketReview
Market data: Current price 142.42, up 5.79% in 24 hours; trading volume 45 million USDT; intraday high 143.33, low 133.51; amplitude 7.4%.
The current price is near the upper end of the intraday range (91%). There was no notable pullback before the close, and the session ended on a strong note.
The price is above the 7-day moving average (135.14) and below the 25-day moving average (142.78); the short-term structure remains intact.
Looking at the broader picture, the price is 14.8% below the 30-day high of 167.15. The 30-day low is 120.55, and the 7-day cumulative gain is 3.6%.
The clear increase in trading volume suggests substantial real-money trading during this move.
The key levels are clear: 143.33, the intraday high, is resistance above; 133.51 is the short-term support level below. As long as the latter holds, the bulls still have a chance.
Keep an eye on two things next: whether the price can reclaim the 7-day moving average, which would be the first signal that this correction is over; and whether the funding rate continues to diverge, as overheated sentiment is often followed by a pullback.
Which part of this move did you catch, and which part did you miss?
(This is a record of market analysis only and does not constitute investment advice. Futures trading involves risk.)
#SPCXB #K线复盘 #MarketReview