Bitcoin hit 80k! What's behind the surge, and will it keep climbing? How should we play ZEC right now? Let's dive in.

1. First off, why is BTC rising? Check the charts. MicroStrategy is going wild! Normally, they buy a few hundred million dollars each week, but in the past month, they’ve been scooping up 1 billion to even 2.5 billion dollars weekly! What does that even mean?
2. Currently, the total holdings of all Bitcoin ETFs are just over 50 billion dollars, and MicroStrategy alone bought 5 billion in a month, which is equivalent to about 10% of what all institutions have accumulated over 3 years. With so much capital continuously pouring in, the price obviously won’t drop. Will they keep buying?
3. MicroStrategy's funding for BTC purchases is all coming from their STRC financing product, boasting a whopping 11.7% yield. They’re using this high yield to finance themselves, betting that Bitcoin will keep rising, which is extremely aggressive. If they can’t pay those high yields later on and can’t continue financing, that could spell trouble...
4. If MicroStrategy faces a crisis, Bitcoin could plummet. Of course, they could sell Bitcoin to maintain cash flow, but that might make things worse. So, MicroStrategy's hot new financial products have indeed pushed up the coin price, making it hard to drop. However, big problems could arise later, and that’s when Bitcoin’s major support level might come into play.
5. In the short term, the resistance at $BTC is around 80k, which is the previous 79.5k level. But since MicroStrategy is all-in, the price might hit the next resistance around 83k. I’m setting up a long-term low-leverage short position, 2x won’t get liquidated. No asset only goes up; it’s already had 40 days of gains. Chasing more is not an option, so the only path left is to cautiously set up short positions at higher levels.
6. As for ZEC, we shorted at 410 yesterday, and it briefly broke out, but now it’s back down to 410 at $ZEC . I’ve decided to close most of my positions at the original price, leaving a little to re-enter around the next solid resistance at 460, playing it safe for now.
7. Our crude oil short at $CL has been looking great, recently dropping 10% down to 98, yielding a nice profit. I’m waiting for a rebound, like up to 106 and 110, where I think I can add more positions, continually arbitraging and playing it steady, opening trades daily~
#bitcoin