Next Monday marks the start of a new week, and I'm already feeling a bit of a headache about it, mainly because the reactions from the United States and Iran over the weekend have put pressure on cryptocurrencies. It is very likely that before the U.S. stock market opens on Monday, Trump will make a statement, and then Iran will act as if nothing happened, and the U.S. stock market will continue to function as usual. Regardless of whether this scenario plays out, I think it will be very difficult for the U.S. and Iran to go back to fighting, as it does not serve either party's interests.
Especially if Iran again blocks the Strait of Hormuz, I estimate that Europe and Asia will not sit idly by. Of course, this is just my personal opinion. However, my short position on WTI has not been closed yet, as recently the bulls have been paying the bears' funding rates, so holding onto my short position feels quite comfortable, and I have withdrawn my margin, as I have already made over 200% in profit.
Because I can roughly estimate the final outcome between the U.S. and Iran, how Monday will go is not extremely important. Rather, what I am most concerned about is the ATM data that $MSTR will announce this week, especially how the ATM was utilized; whether the funds after the ATM are used more as cash reserves or to buy bitcoin:native. As I mentioned, if it’s the former, it indicates that MSTR is hunkering down for the winter, which is a good thing. If it’s the latter, it means Michael continues to be aggressive.
If it is the former, I may try to buy some MSTR and $STRC, but if it is the latter, I will only lower my expectations for the price of Bitcoin. Additionally, another important data point next week is the non-farm payrolls on Thursday. Currently, it seems like the non-farm figures have returned to the point where both good and bad data are viewed negatively. I wonder if there will be any risk aversion sentiment.
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