In Orange County, the 15-minute chart has triggered a KDJ Death Cross and a bearish Marubozu pattern as of August 26, 2025, at 13:45. This indicates a shift in the momentum of the stock price towards the downside, with potential for further decline. Sellers currently dominate the market, and the bearish momentum is likely to persist.
In Orange County, the 15-minute chart has triggered a KDJ Death Cross and a Bearish Marubozu pattern as of August 26, 2025, at 13:45. This indicates a significant shift in the momentum of the stock price towards the downside, with potential for further decline. Sellers currently dominate the market, suggesting that the bearish momentum may continue.
The KDJ Death Cross, a technical indicator, signals a potential reversal in the stock's trend. When the KDJ line crosses below the signal line, it often indicates a bearish trend. The Bearish Marubozu pattern, characterized by a large body and no shadows, suggests a strong selling pressure. This pattern typically follows a downtrend and can signal further price decreases.
In a related development, Strategy, a prominent technology company, has been actively acquiring Bitcoin. The company has recently purchased 3,081 BTC for $356.9 million, raising its total holdings to 632,457 BTC. This acquisition represents the fourth consecutive weekly purchase by the company, which now controls over 3% of Bitcoin’s total supply [1].
Despite the decline in Strategy's MSTR stock, which dropped over 4% in the current trading session and is now trading near $343, the company has maintained its commitment to Bitcoin. The company has used proceeds from MSTR stock sales to fund the purchase, a move that aligns with its strategy to avoid using stock to buy Bitcoin unless the market-based net asset value (mNAV) exceeds 2.5 times [1].
Co-founder Michael Saylor hinted at the purchase before the official announcement, expressing confidence in the market's buying opportunity [1].
References:
[1] https://cryptofrontnews.com/strategy-increases-bitcoin-holdings-to-over-3-of-total-supply/
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