Saylor is making headlines again: he says the next Bitcoin bull market has already begun. But what’s interesting is that Strategy’s share price is about 45% below its high from a year ago. According to Yahoo Finance, $BTC is now above $80,000, about 6% lower than the $86,000 it was a month ago, and below $100,000 a year ago.
My take: a 5% rebound in the price doesn’t mean the trend has reversed. The RSI is still around 38, and the price remains below the 50-day moving average (about $81,900). If you’re bullish, first watch to see whether it can hold above that level.
$BTC ’s trading volume is up nearly 50% today, which shows sentiment has indeed improved, but its staying power will depend on the next few days. For reference only; this is not investment advice. #比特币 #Strategy
My take: a 5% rebound in the price doesn’t mean the trend has reversed. The RSI is still around 38, and the price remains below the 50-day moving average (about $81,900). If you’re bullish, first watch to see whether it can hold above that level.
$BTC ’s trading volume is up nearly 50% today, which shows sentiment has indeed improved, but its staying power will depend on the next few days. For reference only; this is not investment advice. #比特币 #Strategy