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📅 July 3, 7:00 – July 9,
Do not go short easily
Do not short easily. Currently, #Bitcoin and $MSTR are complementing each other. I know many friends are very dissatisfied with the premium of MSTR, but the fact is that MSTR is at least the only product on the US stock market that can be anchored with #BTC so far. Especially before the vote on December 11, this achievement will be highly anticipated.
And every CopyCat of MSTR is an increase in investors' optimism about MSTR. I do not encourage everyone to buy MSTR, as it does have many problems, but it's like shorting BTC in a Bull Market. The market is not rational, and there won't be a market without impulsive actions and fear of missing out. The market's idea is simple: MSTR issues bonds to buy stocks and BTC, driving up the price of BTC and causing a pump.
We all know that this logic is incorrect, but not everyone in the market will analyze the logic in detail. Whenever the price of BTC rises, the premium of MSTR, which owns a large amount of BTC, will drive the pump of stocks. This is how it is during the pump, but when it falls, MSTR will fall even harder. However, the current sentiment is invisible and intangible, and it is unknown when it will erupt.
So the best solution is either not to enter the market at all, or be cautious in shorting, holding some Spot will reduce the risk significantly, and then make further plans based on the results after December 11th.
PS: Currently it is still a low point of Liquidity, we can only see the performance of American investors after the opening of the US stock market today, which is also the last trading day of the week. As usual, the volume of funds today should be the lowest, so we need to be careful.
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