US Treasury Secretary Bessent: Strategic Bitcoin Reserve Work Continues

The news keeps institutional interest in Bitcoin alive but lacks concrete steps. Technical indicators are weak: RSI at 41 is near the sell zone, MACD is below the signal line, and the price is below both the 20- and 50-day moving averages. The 3% drop in the last 24 hours confirms short-term pressure. Although the news is positive, no clear direction is expected due to fragility in the technical structure. The market appears to be waiting for the conclusion of reserve studies or a stronger catalyst.

Although the news signals a positive policy shift for Bitcoin, COIN stock has fallen 14.5% in the last 24 hours, with technical indicators showing significant weakness. The RSI stands at 29.6, indicating oversold conditions, the MACD is negative, and the price is trading below both the 20-day and 50-day moving averages. In the short term, the impact of this positive news may be limited as the market is already in a sharp sell-off. However, due to oversold conditions and the potential for a recovery driven by the news, the direction remains uncertain.

The news indicates that Bitcoin reserve studies are ongoing but lacks concrete steps or a timeline. MSTR shares have dropped 20.9% in the last 24 hours, with the RSI entering oversold territory at 25. The MACD continues to give a sell signal, and the price is trading below both the 20-day and 50-day moving averages. In the short term, technical indicators may remain weak, but the direction is unclear due to oversold conditions and uncertain optimism generated by the news.

The news carries a positive signal that could increase institutional interest in Bitcoin. As a Bitcoin mining company, MARA may be directly impacted by this development. However, technical indicators remain weak: RSI is at 40, MACD is below the signal line, and the price is trading below the 20-day moving average. While there is potential for a short-term rally, momentum is low, so a strong move should not be expected.