Bitcoin rebounded yesterday, but the trading volume was slightly insufficient, with clear signs of support from the bulls. The current price is facing strong upward pressure, with MACD showing a death cross, indicating a potential need for a pullback in the short term. Although the price has stabilized above the bull-bear dividing line and formed a trend, if the price cannot break through for a long time, it will face upward pressure. Therefore, chasing highs is not recommended; consider going long around $95,000. The upper resistance level is at $96,000, and the lower support is at $89,000.
Weekly level:
The overall trend is upward, but the recent increase is clearly accompanied by volume. My personal view is that there may be a need for a pullback this week, so I suggest patiently waiting for a correction; consider bottom fishing during the pullback. In the short term, hold assets and wait for a rise, while continuing to monitor market dynamics.
Suggestions:
Do not chase prices in the short term; wait for a pullback to enter.
Strictly stop-loss, control your position, and remain calm.
Stick to long-term positioning and manage risks well.
MicroStrategy has increased its position again!
MicroStrategy announced again yesterday that the company spent $1.42 billion to purchase 15,355 bitcoins at an average price of $92,737 from April 21 to 27, increasing its total bitcoin holdings to 553,555 BTC, with a total purchase cost reaching $37.9 billion. The average price per bitcoin has been updated to $68,459 (with an unrealized profit of approximately $12.9 billion).
The funds for this bitcoin acquisition by MicroStrategy still come from the proceeds of its new stock sale. According to documents provided by MicroStrategy, last week, they sold 4.02 million shares of MSTR stock, raising about $1.4 billion. After this sale, there remains $128.7 million of MSTR stock available for issuance and sale. Additionally, MicroStrategy sold 435,069 shares of STRK stock, raising about $37.5 million, and there is still $20.92 billion of STRK stock available for issuance and sale under this plan. Currently, MicroStrategy's slogan is to first acquire 10% of the total BTC supply! That is, 21 million * 10% equals 2.1 million BTC!!! This goal is truly grand!! Go Strategy!
The AI sector is absolutely one of the main lines of speculation in this bull market.
In addition to the dynamics of Bitcoin, the AI sector is also a current hotspot in the cryptocurrency market. With the rapid development of artificial intelligence technology, more and more projects are landing in the blockchain and cryptocurrency fields, becoming one of the main targets for market speculation. Here are a few AI-related projects worth paying attention to:
The decentralized GPURender Network (RNDR) provides AI training computing power, with broad prospects for AI development.
AI project: getgrass_io (GRASS) exhibits significant potential in the DePIN and AI data fields.
AI infrastructure Fetch.ai (FET) promotes AI applications within the Cosmos ecosystem, showing great development potential.
AI Agentai16zeliza (AI16z) saw its 24-hour increase expand to 29% due to news of its listing on Bithumb.
AI infrastructure Vanarchain (VANRY) focuses on decentralized L1 for artificial intelligence, payment finance, and real-world brand adoption.
Lastly, don't forget to follow us! Let’s achieve financial freedom together in this bull market, shall we!
