B. Riley Financial Pref A ADR: MACD Death Cross, Bearish Marubozu Triggered

The 15-minute chart of B. Riley Financial Pref A ADR's stock price has recently triggered a MACD Death Cross and a Bearish Marubozu pattern, which suggests that the stock has the potential to continue declining. This indicates that sellers are currently in control of the market and bearish momentum is likely to persist.

Bitcoin (BTC) has been consolidating around the $118,000 mark following a strong rally that saw the flagship cryptocurrency breach the $120,000 threshold on Monday. Despite the recent consolidation, Bitcoin remains bullish, with several key market developments supporting its current trajectory.

Michael Saylor, the executive chairman of MicroStrategy, hinted at another Bitcoin purchase as the value of the company’s holdings crossed $71 billion. This acquisition, which took place on July 14, added 4,225 BTC to MicroStrategy's total holdings, valued at $71.4 billion at current prices. The company's Bitcoin investment has grown by over 66%, with unrealized gains of $28.5 billion [1].

Spot Bitcoin ETFs have also seen significant inflows, with $363 million added on Friday alone. This extends the inflow streak to 12 days, driven by increasing investor interest. Notably, BlackRock's IBIT led the inflows, adding $496 million, and remains the largest spot Bitcoin ETF with over $86 billion in assets. Other ETFs like Fidelity's FBTC and Grayscale's GBTC also saw some inflows and outflows, respectively [1].

Charles Schwab is planning to offer spot trading for Bitcoin and Ethereum, aiming to capitalize on the growing interest in cryptocurrencies among its clients. CEO Rick Wurster announced that the firm is anticipating a launch of Bitcoin and Ether trading soon, citing client demand and the need to offer a seamless experience alongside other assets [1].

Bitcoin's price action has been characterized by consolidation since Monday's high. The cryptocurrency traded in a narrow range between $116,000 and $120,000, with buyers refusing to cede ground to sellers. Analysts believe that Bitcoin is gearing up for a potential breakout above $123,000, which could drive the price to new highs. However, a decline below $117,000-$118,000 could indicate a significant drop to $110,000 or lower [1].

In summary, while Bitcoin is currently consolidating, several positive developments suggest that the cryptocurrency is poised for further growth. The influx of institutional investments, strategic acquisitions by companies like MicroStrategy, and the planned expansion of trading services by Charles Schwab all contribute to a bullish outlook. Investors should closely monitor Bitcoin's price action for potential breakouts or breakdowns, as the market remains volatile.

References:
[1] https://bitzo.com/2025/07/bitcoin-price-analysis-btc-continues-to-consolidate-falls-short-of-120000-yet-again