BTC vs. MicroStrategy’s Buy Wall: Will the $76,000 Support Hold? 🧱
After a brutal weekend that wiped out $2.2 Billion in leverage, the market is entering a critical "Decision Zone" this Monday morning. Bitcoin (BTC) is currently battling to stay above the $76,040 mark—the average cost basis for MicroStrategy.
Monday Morning Market Check:
⚖️ Saylor’s Support: Michael Saylor has signaled his "Buy the Dip" stance, which is providing much-needed psychological support to the market at these levels.
📉 The "Warsh" Headwind: Traders are still pricing in the hawkish tone of the new Fed Chair nominee, Kevin Warsh. This is keeping the U.S. Dollar strong and crypto under pressure.
📊 ETF Outflows: BlackRock’s IBIT ETF saw its first major negative return as investors temporarily moved to safe havens like Gold.
My Take (1.6 Years on Square):
In moments like this, I look at the Realized Price. Historically, when BTC retests the entry price of giant institutions like MicroStrategy, it either forms a generational bottom or leads to a deeper flush towards $60,000. Patience is not just a virtue; it's a survival strategy today.
What’s your move today?
🛒 Accumulating at institutional support
👀 Watching from the sidelines
🛡️ Moving to Stablecoins
👇 Is the worst over, or are we heading lower? Let’s discuss. ✅
⚠️ Disclaimer: This post is for informational purposes only. Trading during extreme volatility carries high risk. Always DYOR.
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