Follow up to post below;

MSTR has complete the full capitulation swing mapped in and then went into a choppy stall at the 100 area. Very closely matching the forecast for what we'd see if BTC made a break.

Now we are into the critical decision levels for MSTR I believe as BTC trades at a real make or break level.

The forecast in the feature chart is obviously an extreme but if you've read my work on the 4.23 - 6.8 interactions you'll see its consistent with that.

For MSTR, that doesn't really matter. The way MSTIR setup their company meant they got into big trouble if price was just a bit low for a while. Heading into 2027 that gets a lot more bite.

Admittedly, I've not read up on what Saylor has been doing recently. There may be clever restricting of the debt, clever risk management strategies and sound business logic; but I expect he's just blindly bought more BTC and increased the exposure.

The MSTR bet is now directly against the real trading history of BTC. All of the "Cycles" things failed. Those still promoting them are carrying out the revisionism I said was sure to happen if the models failed. From standard pattern analysis it's fair to say the most common outcome after BTC dropped sharp 50% was it then went into a grinding downtrend that took years to recover - we can ultimately map BTC to 10 trillion $ and still see MSTR crushed along the way due to their high path dependency (needing the cycles thing to be true).

There are a series of points that can be made to explain why BTC may be at a low here. We are at, or very close to, major supports. But if this fails, all the common TA norms and all the history of BTC pattern trading would predict MSTR is effectively bankrupt in so much as it matters to investors.

If these levels fail, I think the odds MSTR is in a death spiral become exceptionally high.

*Note, MSTR does not have to "Go out of business". There are many ways they can save the business at the cost of the investors. I thik theyll do that if the time comes.