(8/3, Wed) btc seems hard to rise above the opening price of weekly and monthly candle

in #btc2 years ago

Yesterday(8/2 00:00 - 24:00, UTC+0), bitcoin price recorded its starting as $23264, its lowest as $22651, its highest as $23461, its closing as $22978. Bitcoin started declining after the start on Tuesday, reaching a low at 09:45 and then rebounding, reaching a high at 16:30, and then re-adjusting, closing -1.2% down.

If you look at the 4hr chart, it is falling while the volume has decreased and then increased, if it does not rebound here, there is possibility that it will go down to $22k. On the daily chart, the correction of the N-shaped uptrend continued, and it is important not to break the three week uptrend line.

There is news in the crypto industry, it is said that Michael Saylor, the CEO of MicroStrategy, which is known to hold the largest number of bitcoins among US publicly traded companies, has stepped down. It is unclear whether this is related to the recent news that hedge funds are short selling MSTR stock, and as a company that ha purchased $4 billion worth of Bitcoin at the average price of $30,664 and is currently recording a valuation loss of $900 million, what action will it take? If MSTR would do loss-cut of Bitcoin, it is feared that it will be taken in a greater sense than Tesla case.

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