$BTC 7.7 Crypto Quick News

Today, a major bearish news hit the market: MSTR disclosed the recent sale of 3,588 BTC, cashing out $216 million to pay preferred stock dividends, setting the largest single sell-off in the company's history. Upon the news, MSTR fell more than 5% intraday, BTC surged then dropped back below 62,000, interrupting the previous rebound momentum, and the daily chart returned to a wide-range consolidation pattern.
Although the company had slightly increased its BTC holdings at lower prices, its annual dividend payment pressure exceeds $1.5 billion, making the liquidity dilemma hard to resolve fundamentally. The market continues to worry about further selling pressure on the market.
Macro divergence between bulls and bears intensifies. Weak non-farm payrolls lowered the probability of a July rate hike to 25.7%, but Fed Governor Waller sent hawkish signals, saying inflation risks outweigh employment risks. The market is closely watching the CPI data on the 14th. BTC spot ETFs ended consecutive redemptions with a small net inflow of $217 million. Institutional funds saw a minor return, but the incremental strength is limited, and the existing balance game remains unchanged.
Resistance above the market: 63800-64200, support at 61500. Trading strategy: The bearish news of MSTR selling coins caps the rebound. Do not chase longs. In the resistance zone, take small short positions; when pulling back to key support, bet on short-term longs. Strictly control positions and set stop-losses throughout. If the price breaks above 64500 with volume, consider a continuation of the bullish repair. In the short term, volatility is amplified by the dual disturbances of corporate coin selling and Fed expectations.
Risk warning: Crypto assets are highly volatile. The content is for informational reference only and does not constitute investment advice. #GUSD年化升至3.8%