$MSTR — Current Outlook & Market Structure

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$MSTR — Current Outlook & Market StructureStrategy Inc Class ABATS:MSTRPavelsSilaraupsFor now, I remain neutral and am not buying anything, but I am keeping a close eye on it. MSTR has broken through its key support levels. To me, this indicates that the market maker has swept all possible stop-losses across both the spot and futures markets. Looking at the asset from a technical standpoint, I am waiting for the price to stabilize and form a clear pattern, or for some positive news catalysts to emerge. In parallel, it is crucial to monitor STRC — MicroStrategy's perpetual preferred stock ("prefs"). These preferred shares were the primary vehicle used to raise capital for purchasing $BTC. The par value of one STRC share is $\$100$. Currently, they have crashed by 22% and are trading in the $\$78–\$80$ range. STRC preferred stock offers a yield of roughly 12% annually. If we start to see buyers stepping in to accumulate the preferred shares or if their price begins to recover, it will certainly have a positive impact on MSTR as well. Even though these two assets operate differently, it all boils down to the overall health of MicroStrategy.