Good day, my people! I’m sharing the intraday performance of MicroStrategy $MSTR
and also the price of Bitcoin $BTC
for this morning.
When analyzing the market structure, we can see how short-term selling pressure has impacted both assets simultaneously:
📉 MicroStrategy
15m candles: It maintains a slight pullback, trading at $135.14, moving from $135.31 to $134.97. The RSI (7) is around 40 (neutral zone with a bearish bias).
4h candles: A correction from $136.17 to $134.97, but keeping an RSI (7) at 60.85. This indicates that the trend in higher timeframes still has buying strength despite the intraday pause.
⚡ Bitcoin
15m candles: It follows the bearish move, trading in the $79,400 area, pulling back from the local high of $79,532 to a low point of $79,416.
The synchrony between the underlying asset and the price action is still extremely tight on lower timeframes. MSTR continues to work as a leveraged reflection of BTC’s movement.
What do you think about this support zone? Do you believe BTC will hold the $79,400 level, or will we go look for a retest lower down? I’ll read your comments. 👇💬
If you want more analysis and to keep following the charts live with us, join the chat room of Los Fantásticos del Trading ⬇️
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Have a happy and blessed day, everyone! 💜🌹🔥
Love should feel like going to the sea: Immense, free, and full of magic 💜🌹🔥
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