Analysis: Strategy Financing Tool STRC falls below $100 face value, Bitcoin may face a correction pressure

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Deep Tide TechFlow News, April 21, according to Cointelegraph, the Strategy financing tool STRC fell below its $100 face value starting April 15, potentially weakening its ability to continuously raise funds through share issuance to buy Bitcoin, with Bitcoin facing a risk of falling below $70,000. Strategy previously disclosed that of the 34,164 Bitcoin recently purchased, about 86% of the funds came from STRC financing. The report also states that historically, during periods when Strategy paused buying, Bitcoin’s average decline was about 30%. Technical analysis shows that if the lower boundary of the flag pattern is broken, Bitcoin could drop to the $67,000 to $69,000 range; if it holds the 20-day and 50-day EMA, the price may rebound and test the $78,000 resistance.

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