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MicroStrategy's $42 billion financing continues to buy $BTC , will it bring an early bull market??
Currently, most market participants who see a bull are spreading this news everywhere, believing that the bull market is coming early. The reason is that I see such a large institution must be more professional than some retail KOLs.
Let's analyze this news carefully.
First, the money from MicroStrategy's financing is still being raised, not already in place, and definitely not yet invested in the market.
Second, 42 billion yuan in the context of the current 1.4 trillion yuan market cap is not enough to reverse the trend.
Looking at more practical funding, inflows into ETFs have already noticeably slowed down, and marginal funds are weakening. This is more critical than any narrative.
So the next market approach remains the same: treat rebounds as rebounds, look for shorting opportunities at highs, and if you can't add, just let it go—no need to force it. Consider taking partial profits around 65,000.
Some say miners are supporting the bottom, with strong support between 60,000-62,500, and this wave might be the bottom— but I think this conclusion is still too early.
The sideways consolidation has only lasted about 40 days; at this level, the bottom is not enough. We need to observe the support levels on weekly and monthly charts, such as whether the Bollinger Bands and other structures are truly stabilizing.
We still can't see the signs of a bull market.
More likely, it's still a downward rhythm within a consolidation phase.