Michael Saylor is signaling again: Strategy may continue increasing its BTC holdings. But what the market is discussing now is no longer: “Is he bullish on Bitcoin?” The answer to that has actually always been clear. The real question is: Can Strategy’s model continue to work? Over the past few years, Strategy has increased its BTC holdings through: issuing shares; financing; debt instruments; and continuously increasing its BTC holdings. During BTC bull cycles, this model has been highly effective. Because: BTC rises + the market gives the company a premium creating a positive feedback loop. But the risks also exist. If BTC moves sideways for an extended period: financing costs; a decline in the stock premium; changes in market confidence; will all affect this “BTC accumulation machine.” So selling a small amount of BTC a few days ago while signaling continued purchases is not necessarily contradictory. Institutions need to adjust their positions and cash flow when managing assets. My view: Saylor’s long-term BTC thesis has not changed. But what the market is focused on now has shifted from: “Does he dare to buy BTC?” to: “Can this capital structure make it through the next cycle?” True long-term players do not focus on one day’s gains or losses. They focus on whether the model can continue. $MSTRG $BTC #Bitcoin #Strategy

BTC daily chart is in a rebound channel, above the Bollinger middle band at 64335. The MACD golden cross is widening the red bars, with medium-term bulls in control. However, the KDJ J value of 97.5 has entered overbought territory, indicating that short-term gains are overextended and a pullback risk remains; indicators may become less reliable in a strong market. The 4-hour chart is oscillating upward at high levels. The MACD has formed a death cross, with green bars emerging, indicating weakening short-term upward momentum. The 4-hour Bollinger middle band at 64890 is an important short-term support level, and a technical pullback may be needed after the surge. 🉑Short around 65500, add at 66000; downside targets: 64200 and 62500 ETH can be shorted around 1940, add at 1970; downside targets: 1880 and 1810 #股票交易分享挑战 $BTC ‌

Most people lose money trading not because they lack market opportunities, but because they are slow to take that first step. The three core principles of trading: have the courage to make a move, continuously build your market understanding, and always adhere to trading discipline. Dare to make mistakes, execute every plan decisively, and face profits and losses calmly. As long as you bravely take the first step, you have already left behind everyone standing by and hesitating #股票交易分享挑战 #GPU龙头摩尔线程将赴港上市 $BTC $ETH