💵 💴 💶MicroStrategy Announces New Bitcoin Purchase: Reaches 471K BTC💴 💶

MicroStrategy, which saw historic surges in its stock during 2024, continues to move forward with its Bitcoin strategy without compromise. The company announced another purchase today, revealing that it acquired 10,100 BTC between January 21 and 26. A total of $1.1 billion was spent on the acquisitions, with an average purchase price of $105,596 per Bitcoin. As of today, the company holds a total of 471,107 BTC. The overall average price of acquisitions since 2020 was reported to be $64,511.

DeepSeek Creates Shockwaves in the Market

Tech stocks in Asia declined following a sell-off triggered by concerns over U.S. dominance in the sector and doubts about AI-related spending, spurred by advancements from Chinese AI company DeepSeek. Meanwhile, U.S. futures traded flat, and the dollar appreciated in value. The little-known Chinese startup DeepSeek announced that it had developed a free AI assistant using lower-cost chips and less data compared to its U.S. competitors. Nvidia’s stock plummeted by 17%, resulting in a loss of approximately $593 billion in the company’s valuation — marking the largest single-day market cap drop in history.

DeepSeek Fuels Crypto Sell-Off, Nearly $1 Billion Liquidated in 24 Hours

Chinese AI startup DeepSeek created a massive impact on global financial markets. As the story went mainstream, Bitcoin and the cryptocurrency markets experienced a bloodbath on Monday, with nearly $1 billion worth of liquidations occurring. Founded less than two years ago, DeepSeek has rapidly risen as a competitor to established AI giants such as OpenAI, Meta, and Nvidia.

Technical Overview

DXY

Bitcoin initiated an uptrend with Trump officially taking office, reaching as high as $109,000. Setting a new all-time high, BTC is expected to extend its bullish trend to $123,194 with daily closes above the $108,286 region.

Resistance: 118,500 / 123,550 / 131,029
Support: 108,985 / 92,000 / 88,362

BTC/USD

Bitcoin surged to $109,000 following Donald Trump’s official return to office, but faced selling pressure after failing to sustain above the $108,286 level. If BTC closes above the $108,186 resistance, it could climb further to $123,194.

Resistance: 108,985 / 118,500 / 123,550
Support: 92,000 / 88,362 / 80,598

ETH/USD

Ethereum has seen a long-awaited rise, reaching $3,400. The next critical resistance zone to monitor is $3,539. A strong breakout above this level could further sustain Ethereum’s uptrend.

Resistances: 3,539 / 4,086 / 4,782
Supports: 3,110 / 2,808 / 2,134

NASDAQ

The NAS100 index has experienced a sharp pullback in response to the launch of China’s AI initiative, reflecting significant pressure on U.S. indices. The major support level to watch on the index is $19,643. Losing this level could intensify the selling pressure on the index.

Resistance Levels: 22,143 / 25,320 / 26,979
Support Levels: 19,643 / 17,681 / 16,303

BRENT

Brent oil is in recovery mode, reclaiming its previously lost channel. Having broken above the 76.98 resistance, the price is likely to target the 85.00 range. The critical support level is 72.37, which should hold to maintain the uptrend.

Resistance Levels: 80.00 / 85.84 / 95.53
Support Levels: 76.15 / 70.17/ 69.99

EURUSD

The Euro formed a double top at the 1.11 level and entered a downtrend. After breaking below the 1.10 support, it has retreated to the lower band of its channel at 1.0367. Buyers may step in at this critical support, but a break lower could see further declines to 1.018.

Resistance Levels: 1.0575 / 1.1043 / 1.1213
Support Levels: 1.0180 / 0.9936 / 0.9542

XAUUSD

Gold, after initiating an upward momentum, experienced a pullback from the 2787 resistance zone and lost its current support level. A close below this area is expected to maintain the selling pressure on gold.

Resistance Levels: 2760 / 2790 / 2800
Support Levels: 2717 / 2763 / 2666

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