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MicroStrategy conducted an OTC trade with BSTR, selling 25,000 Bitcoins to BSTR, increasing its cash by $1.5 billion, buying more time for survival!
In the short term, MicroStrategy may no longer need to sell Bitcoin to solve its debt interest problems, so the worst is over and that is a positive factor, supporting Bitcoin's subsequent rebound.
Bitcoin's 4-hour chart shows three long lower wick candlesticks, with the latest one showing absolute strength and volume from the bulls. Therefore, in the short term, it's hard for the price to break below $58k again, and a rebound and wide-range consolidation are worth looking forward to.
Consolidation and accumulation in the $58k – $68k range, waiting for the next catalyst before it's possible to break below $58k to $55k.
In the short term, it is not advisable to continue bearish or short; treat it as a bullish and rebound scenario. Adapt to changes, follow the trend. $BTC