#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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June 4 Bitcoin (BTC) Ethereum (ETH) market analysis [Ether diverges], includes strategy order reference.
1、Bitcoin
Did we mention yesterday that the boundary for Bitcoin is around 106500, to determine the overall trend of Bitcoin? We can see that Bitcoin has tested the 106500 position twice during the day and did not manage to contest it, indicating overall weakness. Bitcoin is in a retracement structure. If it breaks below 105000 during the retracement, we should pay attention to the two positions of 103700 and 101500 below.
Pressure: 106500, 108700
Support: 105000, 103700
2. Two Coins
Regarding the second coin, we mentioned yesterday that the 2650 level was impossible to contest, directly testing 2580. You can review yesterday's price movement, which completely met expectations. It hit 2650 twice and then directly declined to 2580. The script also indicated sell actions at that level twice. For the second coin today, we only need to focus on two levels: the strength line at 2580 and the conversion line at 2680. Currently, the second coin is strong compared to the first coin, and many signals are being released as the market is changing hands. Be patient and wait.
Pressure: 2680;
Support: 2580, 2545, 2475;