It has been fluctuating in a narrow range for eleven days, and it feels like the direction will be determined after a while longer.

Intuitively, the probability of a downward reversal seems slightly higher.

Sold the MSTR 150 put expiring in 60 days, with a break-even point at 138. Recently, MSTR's performance has been dozens of points weaker than Bitcoin's. If it falls to 138, that would be a 75% retracement from this round's high. Would that count as a solid bottom?

There will always be times of market euphoria in the future. Will MSTR's price-to-book ratio exceed 1?

$BTC/USD(BTCUSD.HAS)$Strategy(MSTR.US)