😱 58,398! Big Fat Coin$BTC ‌Still grinding it out at midnight, but someone can’t hold on anymore🤔

Brothers, did you sleep soundly, or did you not even dare to sleep? Anyway, when I look at the K-line, I can’t sleep.

Last night, BTC dipped as low as 58,160, and is now around 58,398. On the daily timeframe, RSI 6 is only 28.44—oversold to the point of being beyond oversold.
What about MACD? DIF -398, DEA -290—the bearish energy is still being released. The BOLL lower band is at 58,059. If it can’t hold this level, it’s really empty all the way below.

What’s even more interesting is MSTR.

The common stock fell 25% in one week, and the preferred stock hit a record low of $71. The latest price of the perpetual contract is 85.52, down 8.75% over the past 24 hours. RSI 6 is 33.78—worse than BTC.

And Strategy itself said it “may sell over $1 billion worth of BTC to strengthen its financial position.” This is that company that once said it would “never sell,” remember.

But then the reversal came.

Yesterday, Michael Saylor personally clarified: no Bitcoin has been sold. This year, they bought 175,000 coins, accounting for 20% of total holdings. On the other side, some institutions have given MSTR a target price of $570—compared with today’s 85, the upside really is there.

So the situation right now is: BTC keeps probing at a key support level. MSTR is getting slapped down by the market, but major shareholders are still buying.

At 58,000, is it a golden pit or a pause in a downtrend? Nobody knows. But when RSI is this low, panic-selling historically often isn’t the optimal solution.

I’ll remind you just one thing: other people’s panic is often the starting point for the smart. Make your own decisions.

👇 Do you still have any BTC? Drop a comment below. #Gate完成141只股票股息派发