Just noticed MSTR stock getting hammered again today. The stock dropped to $136 earlier in the session before recovering slightly to $145 as Bitcoin bounced a bit. But here's what caught my attention - MicroStrategy is still aggressively buying the dip. They picked up 8,555 coins last week worth around $75 million, bringing their total holdings to over 713,000 BTC. Even with unrealized losses hitting $900 million at the lows, Saylor's clearly betting on another Bitcoin rebound.

Looking at the technical picture though, things look pretty ugly for MSTR holders right now. The stock has completely broken below all the major moving averages, and the ADX indicator just spiked to 33 - that's the highest reading since March last year. When you see the ADX indicator climbing like that, it usually means the downtrend is accelerating, not slowing down. The price already crashed through the 61.8% Fibonacci level, which is typically a strong support zone.

Based on the ADX indicator setup and the current technical structure, I'm watching for a potential 35% drop down to around $100. The ADX indicator reading suggests we could see some real momentum behind any further selling. That said, Saylor has plenty of firepower left with $8 billion in available capital, so don't be surprised if he uses weakness to load up even more.