#MichaelSaylor暗示增持BTC

5.5 Morning Market Overview: $BTC Breaks Upward Structure

Bitcoin opened the morning with a large bullish candlestick and an upper shadow, while the weekly chart formed a pin bar. Ultimately, it found support at 92.7, with Sunday line support also at 92.7. The consensus is a strong buy, waiting for a pullback to rebound.

Bitcoin has almost formed a head and shoulders pattern, and the previous upward structure has been broken. It failed to continue rising and was blocked around 97.8, leading to this significant correction. Although this correction is marked by large bearish candlesticks, it hasn't generated significant volume, indicating that the market is creating panic and retail investors are offloading. Meanwhile, MicroStrategy continues to accumulate BTC, suggesting that they might be creating a situation to buy BTC at a low price?

On the left side, enter long positions near 92.7, with a stop loss at 92, targeting 94 and 95; on the right side, wait for a pullback to 92.7 without breaking it to enter long positions, or if it breaks, look for a rebound to go long, as buying on dips is more appropriate. Looking back at Bitcoin's rise to 97.8, a correction of 3-4000 points is quite normal. The market needs to change hands and wash out to develop more healthily and stably.

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