First, let me share my personal speculation:
After the Bitcoin price dropped from a high position, it failed to rebound and challenge the 100,000 mark on Friday, and the price went down over the weekend.
As the weekly closing approaches, the price has once again dropped back to around 95,000. There is a possibility of continued decline during the day.
Today marks the first day of MicroStrategy's listing on the US stock market, and we can feel the power of institutions.
Additionally, tomorrow the market will close three hours early, and the day after will be a full market closure, leading to relatively poor liquidity. We can refer to the weekend's fluctuations for insights.
Since the fluctuation range over the next two days is not large, it is likely that there will be a rebound and repair of the oversold conditions created today.
Therefore, my personal speculation is that today will see a unilateral decline, followed by rebounds and repairs over the next two days, ultimately closing the month around 97,000.
As long as Bitcoin does not drop below 90,000, I will not take a long position. A 6%-7% drop in Bitcoin would be a sign of respect for MicroStrategy.
Of course, if you brothers want to go long, manage your positions well. I won't block your financial path; I just hope you have some risk awareness.