Michael Saylor surprised the market again — this time on the upside. After Strategy sold Bitcoin for the first time in three and a half years and the market was awash with rumors of the company's financial difficulties, it announced the purchase of 1,550 BTC for $101.3 million. The company's balance now holds 845,256 Bitcoin, with an average purchase price of $75,680 per coin. The buy occurred precisely when skeptics were actively discussing the possibility of forced sales of reserves to service debt, STRC preferred shares were trading below par, and Peter Schiff was predicting the company's imminent collapse. Saylor answered not with words but with a transaction.

The purchase immediately spawned a conspiratorial theory that is widely discussed in the crypto community: what if Strategy deliberately sold 32 Bitcoin at $77,135 to provoke FUD and additional market pressure in order to repurchase coins cheaper afterwards? The logic is elegant: sell a small amount at a high price, sow panic, wait for the decline, buy back a larger amount at a lower price. If the Bitcoin were repurchased in the $60,000–$65,000 range, the arbitrage would amount to tens of millions of dollars of net profit in Bitcoin for the company—precisely the metric Saylor has called the goal of his operations. Intent cannot be proven, but the arithmetic fits: 32 coins sold and 1,550 bought do not look like a forced liquidation.

In any case, the market signal from the trade is unambiguous: Strategy does not intend to give up. The company is buying against the backdrop of $5.4 billion of total outflows from Bitcoin ETFs over four weeks, a breach of the $60,000 level, and widespread pessimism. This is either a show of iron confidence in the long-term narrative or a forced attempt to support the company's equity price—most likely both simultaneously.

Trading recommendations:

Buyers of Bitcoin are currently targeting a return to $63,600, a level that would open a direct path to $65,800 and then to $67,700; a breach above $67,700 would indicate attempts to restore the bull market. On the downside, buyers are expected at $61,100. A drop below that area could quickly push BTC toward $59,600, with a farther target at $58,200.

As for Ethereum, a clear hold above $1,724 would open a direct route to $1,783. The farther target is the high near $1,838; a break above that level would signal strengthening bullish sentiment and renewed buyer interest. On the downside, buyers are expected at $1,645. A fall below that level could rapidly send ETH toward $1,563, with a deeper target at $1,476.

What we see on the chart:

- Red lines indicate support and resistance levels where either a price slowdown or active growth is expected;

- Green lines indicate the 50-day moving average;

- Blue lines indicate the 100-day moving average;

- Light green lines indicate the 200-day moving average.

A crossover, or a price test of moving averages, typically either halts the move or sparks fresh market momentum.