#SaylorBTCPurchase
Michael Saylor’s company, Strategy, lost $4.2B in Q1 due to Bitcoin’s price drop. Still, they’re raising $21B to buy more Bitcoin, sticking to their bold strategy.
Signal: Sell on a breakdown below $588.32 with confirmation, or on rejection at $592.57.
Confirmation: Look for a bearish candlestick below support or a rejection pattern at the 20-day MA with increased volume.
Trend: Bearish (short-term downtrend).
Signal: Sell on breakdown to $587–$585 with confirmation, or on rejection at $592–$590.
Entry: $587–$585 (breakdown) or $592–$590 (rejection).
Stop Loss: $595.
Targets: $580 (short-term), $570 (extended).