$BTC ๐น Price Action: MicroStrategy has bought an average of over 21,000+ BTC at $90,000, but the market later corrected down to ~$86,677.
๐น Technicals: The short-term trend is bearish. RSI 43.8 (below 50) and MACD negative โ selling pressure is clearly dominating. Key support is in the $84Kโ$86K zone.
๐น Market Sentiment: Despite a long-term bullish view, the short-term reaction has been negative. MSTR stock has dropped by ~25% and the Fear & Greed Index shows 25 (Fear).
๐น Catalysts: Following MicroStrategy's large buy, there have been $634M+ outflows from spot BTC ETFs (over 2 days), indicating broader institutional selling.
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๐ Market Snapshot
BTC Price: $86,677
24h Change: -0.81%
Weekly Change: -5.95%
Market Cap: $1.74T
24h Volume: $42.1B
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๐ Levels to Watch
Support: $84Kโ$86K (break = $80K risk)
Resistance: $90Kโ$92K
Price is below key EMAs (7/25/99) โ caution advised.
โ ๏ธ The market is currently in the fear zone, patience and risk management are necessary.