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🐝 BTC SUNDAY UPDATE

PART I (TA): The closest resistance is $64,000. Makes sence to try SHORT from there with invalidation above $66,000. Breakout of this resistance will mean a small LONG with the target in the $70,000 - $72,000 zone.

PART II (FA): Tomorrow is SEC filing, and we'll find out whether the dump from $80k to $60k was driven by Saylor selling or not. The best outcome is he sold around $2B - $3B of Bitcoin since it will give him enough cash to maintain STRC payouts for a long time. And it will also neatly explain the nature of the recent dump.

However, if he reports selling $500m - $1b of Bitcoin, it would imply two things: 1) he will need to sell more in the future (this year), 2) the recent massive selloff wasn't caused by Saylor alone, meaning some large funds were selling BTC (bearish).

❗️Tomorrow will be extremely important day for crypto. Stay tuned!
Michael Saylor hints at another Bitcoin purchase, saying it's β€œa good time to add more dots.”
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πŸ“’Trump says "Israel and Iran must immediately stop shooting."
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πŸ€·β€β™‚οΈ Instead of selling, Saylor has bought some Bitcoin last week.

For now, without touching STRC debt, it only means that the dump from $80,000 to $60,000 wasn’t caused by his sales.

Not bullish.
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🐝 BTC BRIEF UPDATE

I know I should short this setup. But this time can’t force myself to do it. Want to see Monday closure first.

Overall, opening a short position with the tight stop loss above $64,000 is a good trade.
Iran Israel war started again 😱😱
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πŸ•΅οΈ BlackRock sold 3,671 $BTC ($230M) and bought 10,566 $ETH ($17.71M).
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