Strategy got back into the $BTC market last week, spending nearly $370 million to buy 4,603 bitcoins between August 24 and 30, according to a Securities and Exchange Commission filing.
The company had put purchases on hold in June while it focused on building up its cash reserves and buying back shares - but it looks like it’s ready to start accumulating bitcoin again.
I’m taking a short position on $BTC here because my technical setup is turning bearish.
On the 1H timeframe, BTC is starting to form a lower low (LL), which is a key reason I’m taking the short.
📍 Entry: Current price 🎯 First Target: $75.5K 🛑 Stop Loss: Above $80K
Once BTC reaches $75.5K, I’ll reassess the price action and decide whether the trade has room to run further.
Historically, September has often been a challenging month for risk assets, so I’m keeping that seasonal weakness in mind. Even if BTC eventually finds a bottom around the $58K area, a meaningful pullback in September wouldn’t surprise me.
The recent break in the BTC ETF inflow streak is also worth watching. It could indicate that some larger investors are taking profits around the $80K region, although it’s not enough on its own to confirm a reversal.
For now, I’m trading the structure, not the narrative.
Genius Group has proposed raising capital through perpetual preferred securities to build an $827 million $BTC treasury and an $800 million AI portfolio within a $2 billion total-asset target for fiscal 2031.
When you have untapped liquidity above the current price and a clear market structure, it can create a straightforward setup to trade if a strong move unfolds.
I’m trading the setup - not predicting the future. If the structure breaks, I’m out.
Sometimes the cleanest trades are the ones where you simply follow the levels. 👀
As always, use proper position sizing and risk management.