The market has entered a vicious cycle: as it rebounds, MicroStrategy sells off in a big move, sparking panic and a plunge. The next bounce may also be cut short before it really gets going. I had thought MicroStrategy would sell above 66k, but it looks like Saylor can’t hold his nerve anymore and has finally caved under pressure. The most important point is that U.S. stocks have been trading sideways at high levels for a long time— the bubble could be popped at any moment. If U.S. stocks fall, the crypto market has absolutely no resistance.