Bitcoin Declines Ahead of Clarity Act Vote; Cathie Wood Sells Crypto Stocks

BTC is at 76,926 and is showing weakness with a 1.16% decline in 24 hours. Although the RSI is at 33, close to oversold territory, the MACD is negative and below the signal line, indicating short-term momentum is downward. The price is trading below the SMA20 and SMA50, which also weighs on the technical outlook. Uncertainty ahead of the Clarity Act vote and news of Cathie Wood selling crypto stocks could reduce risk appetite. Nevertheless, the low RSI keeps alive the possibility of a limited relief rally; therefore, the direction is down but confidence is moderate.

COIN rose 7.7% in the last 24 hours to reach $191.41, with its RSI at 65, approaching overbought territory. The news headline indicates that Bitcoin is declining ahead of the Clarity Act vote and that Cathie Wood is selling crypto stocks; this could create short-term selling pressure. The MACD is positive and above the signal line, but the risk of profit-taking has increased after the rapid price rise. The decline in cryptocurrencies and negative news flow could exert downward pressure on COIN. Nevertheless, the overall trend remains strong, so the decline may be limited.

MSTR may remain under short-term pressure amid news of Bitcoin's decline and Cathie Wood selling crypto stocks. Technical indicators are mixed: RSI at 57 is neutral, MACD is positive above the signal line, but the price is just below the SMA50 and above the SMA20. Although the news flow is negative, holding above the SMA20 and a positive MACD could limit a sharp decline. Nevertheless, weakness in Bitcoin directly affects MSTR, so downside risk persists. In the 1-3 day outlook, a volatile and slightly downward trend can be expected.