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$SPCX: Short-term rebound potential remains, but I’m still bearish in the long run. The valuation is still expensive at current levels, so I wouldn’t chase the move. Everyone keeps saying $BTC should drop, but it simply refuses to. The longer it holds up despite all the bearish catalysts, the more it suggests that major players have no intention of handing out cheap chips. At this point, stop obsessing over the crash and watch what price is actually doing.#DailyOrbit