Now it seems that last week's goal of SpaceX rebounding near the first support of 175 has been achieved, but the decline is still ongoing. At present, it has fallen to the early mentioned 155-165 range, which is a position that has been retraced after the official IPO and is a relatively strong support range. It can also be considered a cost-effective position in the short term. There are several reasons for this decline: 1. Profit taking after listing, the initial heat dissipates, and the frenzy of funds recedes SpaceX announces its first bond issuance after going public, seeking at least $20 billion in senior unsecured bonds to repay bridge loans, triggering concerns about a 'funding black hole' 3. The entire high capital expenditure technology sector is killing valuations 4. Analysts changed their tone and for the first time covered "neutral" instead of continuing to sing more 5. Options+unlocking always hanging over the head can become one of the panic factors when the stock price falls For a hot stock like SPCX, the probability of a one-time one-sided drop is not high. This round of decline is primarily due to valuation and chip issues, followed by news of debt financing; At present, it is not like a debt or core business crisis. So the 155-165 range may be a suitable location for bottom fishing~ This content is sponsored by @ BITstocks_CN. Buy BIT-16000+US stocks and ETFs on the US stock market, hold real positions, and enjoy dividends.