Bulls and bears are already going at it at this level. MicroStrategy (MSTR) is trading at 109.30, down 8.01% on the day and just a step above its 24-hour low of 108.42.
It’s slid all the way down from 119.46, making it one of the more striking drops in U.S. stocks today. Put simply: MSTR is too closely tied to Bitcoin. When crypto gets the jitters, MSTR feels it first, so holders take a double hit.
I’d rather sit tight for now. Chasing the drop with a short or trying to buy the dip near the low aren’t great moves. But if it breaks below 108.42, I’ll change my mind immediately—that would mean the weakness isn’t over yet.
Do you think tonight’s action in U.S. stocks will spill over into crypto?
$MSTR
#美股 #MarketAnalysis
It’s slid all the way down from 119.46, making it one of the more striking drops in U.S. stocks today. Put simply: MSTR is too closely tied to Bitcoin. When crypto gets the jitters, MSTR feels it first, so holders take a double hit.
I’d rather sit tight for now. Chasing the drop with a short or trying to buy the dip near the low aren’t great moves. But if it breaks below 108.42, I’ll change my mind immediately—that would mean the weakness isn’t over yet.
Do you think tonight’s action in U.S. stocks will spill over into crypto?
$MSTR
#美股 #MarketAnalysis