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🚨 $SPCX prints a fresh low at $107.01—but I'm still not calling the bottom. So far, the structure has been a series of lower lows: 📉 $225 → $134 → $117 → $107 For now, I see this as another step in the ongoing downtrend rather than a confirmed reversal. What I'm watching next 🎯 Potential accumulation zone: $85–$100 Why I'm staying patient • Aug. 6 unlock: Around 911M shares are expected to become available, which could significantly increase the float and add fresh selling pressure. • High short interest: Bears remain active, suggesting many traders are still positioned for further downside. • Weak reaction to positive news: Despite favorable headlines, buyers haven't been able to sustain a meaningful rally—an indication that supply is still outweighing demand. At this stage, the market still looks like it's digesting post-IPO supply. My approach is simple: let the selling pressure fade before trying to catch a bottom. If I decide to start building a position in $SPCX I'll share the update here first. Patience often beats trying to pick the exact bottom. #FedRateDecision #BigTechEarningsNight #SKHynixRecordMiss $BTC