Dear traders,
Market pump from support and now hitting resistance. BTC dominance and price are rising up what is not good sign for altcoins.
Jake
TOP Trader
BTC:
BTC make push from support and now hitting resistance. This could be a fake out in action so take care of your longs. Daily close above 29.000$ is very bullish.
ETH:
ETH grab liquidity under 1720$ and make big push into resistance. Daily close above 1820$ will make it very bullish to 2000$.
XRP:
XRP is at full bullish charge and attacking 0.6$. XRP killing resistance after long term draw down and still looking boolish on long term.
LINK:
LINK make push above 7$ and strong push up. Looking boolish on long term still good spot buy.
SOL:
SOL make bounce above 20$ and now hold at 21$ as act of resistance. Don’t have many powers for next leg up. Will follow market if continue bounce.
DXY:
DXY cant break 103 and slow bleeding before next leg up.
Crypto/stock daily news:
MICROSTRATEGY BUYS MORE BITCOIN
Microstrategy is back in the headlines. This time, the Bitcoin-loving business intelligence firm made two more major moves:
1/ Repaid a 9-figure loan to Silvergate
Microstrategy received a $205M loan from Silvergate Bank back in March 2022. It was scheduled to be paid off by March 23, 2025. Or else…
But then Silvergate shut down…
As a result, Microstrategy got a 22% discount and only had to pay $161M. (We call it the Broke Bank Discount Double Check™)
Microstrategy completed the loan payment over the weekend and to celebrate it…
2/ Bought more Bitcoin
Microstrategy bought another 6,455 BTC for $150M, bringing its total holdings to… *checks notes*… 138,955 BTC, worth a whopping $3.75B.
The crazy part? Microstrategy now owns 1 out of every 151 Bitcoin that will ever exist.
It also now owns 2x more BTC than the top 10 corporate crypto treasuries in the world, combined. That includes companies like Tesla, Coinbase, and all the big Bitcoin miners.
Check it out:
Microstrategy is still down ~$400M on its BTC investment (ouch) but they don’t seem phased. They are the HODLER of HODLERS, the ones who hold Bitcoin with an iron grip.
So although it was Microstrategy’s first big buy of the year, it probably won’t be the last.
Final words:
Market is trading in range 29-25k and will continue during week. So as always short resistance and long support.
Copy trade GROW 0.1->10k$ in 10 days we got +9% what is great for start.
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Sentiment Is now BULLISH and real test for bulls are this week.
Not Financial Advice!
Good luck with trades!
Author
Jake
TOP Trader
