usadpemploymentchange

🔥 Institutional investors aren't waiting for $100K Bitcoin — they're buying now, with Michael Saylor's Strategy adding 3,273 BTC at nearly $78K per coin.

📊 This purchase, worth $255 million, happened between April 20 and 26, and it's a reminder that smart money is always on the lookout for value, with the current market sentiment at Extreme Fear (23/100) and #Bitcoin trading at $65,803, down 1.13% in the last 24 hours #onchaindata.

📈 The bigger picture is that this buy signals conviction in the bull market cycle, and with Open Interest at $6.77B and a funding rate of +0.0065%, it's clear that institutional investors are betting on the upside, which could lead to a significant price increase, similar to the 22% rebound of #Ethereum from its June low.

💡 The practical lesson here is to focus on the weekly chart and not get caught up in short-term price fluctuations, especially with the Relative Strength Index (RSI) for BTC at 56.3, indicating a bullish trend, and the current price being at the mid-range of the Bollinger Bands (57.6%).

❓ What's your strategy for accumulating Bitcoin — are you waiting for a dip or buying into strength, and how do you think the current #USADPEmploymentChange will affect the crypto market?