No, no, I’m not referring to the fact that we get to hear from pencil dick today. I’m talking about the resistance trendline on crypto – – specifically, Bitcoin – – which I think portends weakness ahead.
If BTC does start to weaken, I’d say one of the first ones to descend will be:
Here’s the puzzlement, though — MicroStrategy actually looks strong, and they are utterly dependent on BTC strength. A few days ago, it leaped over its trendline, and support has held since then.
I’ve got no dog in this fight, but I at least wanted to highlight that BTC was mashed up against resistance again.