SpaceX (NASDAQ: SPCX) has fallen 32% over the past month, hitting a record low of $107 ahead of its August 4 earnings report, despite Wall Street expecting Q2 revenue to rise to $6.87 billion.
The selloff is being driven by two major concerns. First, a 911.5 million-share lockup expiration on August 6 could trigger significant insider selling and increase the stock’s supply. Second, growing bearish sentiment toward AI stocks, fueled by JPMorgan’s warning of dot-com-like market conditions, is we...
Is It Time to Buy Bitcoin ❓
Bitcoin has retraced back to the previous cycle’s all-time high, around $65,000. Historically, the high of one cycle has often acted as a major support level.
That said, I wouldn’t rule out another leg lower. A move below $60K, or $55K, remains possible. But even with that, current prices already look attractive for a long-term perspective.
💁♂️ I’ve already started accumulating $BTC using DCA. Instead of trying to time the bottom, I’m simply adding to my position...
🩸 $BTC – SHORT
Entry: 64,000–65,000
🛑 Stop Loss: 66,000
⚡ Leverage: Cross 50x
🎯 Take Profit Targets:
• 63,300
• 62,200
• 60,600
$BTC is approaching a key resistance zone where sellers could regain control. If this area holds, I'm expecting a pullback toward the lower support levels.
Manage your risk properly and consider securing profits at each target.
Trade $BTC Here 👇🏻
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