From the four-hour chart, Bitcoin is currently oscillating between the middle and lower bands, overall leaning bearish. The MACD death cross indicates that bears are dominant. Looking at the one-hour chart, the price is fluctuating above the middle band, with the DIF breaking above the DEA, and the MACD histogram showing slight positive values, indicating some weak bullish momentum in the short term, but overall the bullish strength is not strong. Therefore, operations in the early morning can focus on high shorts.
Operation Suggestions:
Bitcoin: Short around 118,000, target 117,000 Ethereum: Short around 4450, target 4380
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FengBaobao
· 08-17 01:49
Perpetual special shares possess both debt and equity characteristics, have no maturity date, do not come with voting rights, and offer annual dividends as high as 9% to 10%. Because they do not dilute common stock, the Strategy is able to continuously increase its Bitcoin Position.
On July 29, 2025, the Strategy completed the initial public offering of STRC perpetual special shares, raising $2.521 billion in a single transaction. Some series dividends are linked to the fluctuations of SOFR, combined with redeemable clauses and price protection mechanisms, providing the market with high-yield and structurally flexible capital products.
Saylor refers to this financing structure as the "Bitcoin Credit Model(BTC Credit Model)." The company has set strict issuance conditions in advance, such as the market capitalization must exceed four times the net asset value of Bitcoin before fundraising can resume.
This disciplined mechanism aims to maintain a premium on common stock while continuously pushing up the available Bitcoin chips the company can utilize.
Sunday Morning Thoughts
From the four-hour chart, Bitcoin is currently oscillating between the middle and lower bands, overall leaning bearish. The MACD death cross indicates that bears are dominant. Looking at the one-hour chart, the price is fluctuating above the middle band, with the DIF breaking above the DEA, and the MACD histogram showing slight positive values, indicating some weak bullish momentum in the short term, but overall the bullish strength is not strong. Therefore, operations in the early morning can focus on high shorts.
Operation Suggestions:
Bitcoin: Short around 118,000, target 117,000
Ethereum: Short around 4450, target 4380