#Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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May 30th analysis of BTC (BTC) and ETH (ETH) [change in market trend change in market trend change in market trend]
1, BTC (Figure 1, Figure 2)
BTC yesterday internally provided the preliminary signal for a change in market trend. Today at 8 o'clock, we saw a large bearish candle on the daily chart breaking through the long-standing upward channel, which has already confirmed a 90% probability that the change in market trend has arrived. The remaining factor is to observe this rebound's support at 105000. If we reclaim 107500, it will continue to evolve into a triangular consolidation.
The first retracement level of 105000 has been reached during the day, and there will be a rebound upward from here. We are looking at 107500; if this level is not broken, it will continue to go down. Below, pay attention to the secondary retracement levels of 101000-102000.
Pressure: 107500, 106400
Support: 105000, 102500
2、ETH(图三、图四)
The daily chart of ETH is still in a high-level triangular consolidation range. Pay attention to the change in market trend line at the position of 2575. If it breaks, it will officially change the trend. The pullback position is around 2400, and the correction positions are 2200-2100; just focus on these two positions.
Pay attention to 2600 for ETH during the day. If this level holds, it will continue to rise to challenge 2670. According to the change in market trend signals from BTC, it is highly likely that this level cannot be regained. Therefore, we will see ETH fall again to test the lower band. If 2600 breaks, it will directly test the lower band at 2570.
Pressure: 2675;
Support: 2600, 2570;