Strategy's $12.5 Billion Loss Shakes Saylor's 'Never Sell' Principle: 'We Will Probably Sell Some Bitcoin'

The news suggests that Strategy (MicroStrategy), a major Bitcoin holder, may abandon its 'never sell' principle and sell some of its Bitcoin holdings. This could raise concerns about increased supply in the market and intensify short-term selling pressure. Technically, while the RSI at 58.5 remains in neutral territory, the MACD continues to stay below the signal line, indicating weakness. Although the price is above the 20- and 50-day moving averages, the negative sentiment from the news could test these technical supports. Therefore, a downward move is expected in the short term.

A news report has raised the possibility that Strategy (MicroStrategy), a major Bitcoin holder, may sell its Bitcoin at a loss. This could be perceived as a negative signal, potentially creating selling pressure in the cryptocurrency market. JST's RSI is at 65, approaching overbought territory, increasing the likelihood of a short-term correction. Although the MACD indicator remains bullish, momentum may be weakening. Combined with the technical indicators and the news, the probability of JST showing a short-term downward trend is rising.

The news that MicroStrategy (MSTR) reported a significant loss and CEO Saylor hinted at potential Bitcoin sales, stepping back from his 'never sell' principle, could undermine confidence in the company's cryptocurrency strategy. Although technical indicators show RSI at 61 in neutral territory and MACD positive, this negative news may create selling pressure in the short term. While the price remaining above the 20- and 50-day moving averages provides some support, the uncertainty generated by the news tilts the bias toward a decline. Therefore, a downward movement can be expected in the near term.