#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.
💬 Do you think Bitcoin will become a new norm for corporate asset allocation? How might this impact Bitcoin’s price? What’s your recent BTC trading strategy? Post to share your price predictions, market analysis, and strategies with us using the topic tag!
🎁 Meanwhile, Gate’s BTC Staking event is in full swing! Simply stake your BTC and earn up to 3% APY. Click the link to start staking and enjoy your earnings: https://ww
#ADA#
Cardano ( ADA ) Current Situation Assessment
The current price of $0.6586 is very close to ADA’s 24-hour low of $0.65. This indicates that the price is close to a support level and there is a potential reaction from there.
Revised ADA Trading Strategy (Short-Term)
We can consider two main approaches at this price point:
Approach 1: Entry at the Current Price and Expectation of a Short-Term Rebound
If you think ADA will rally from the current levels ($0.6586), you can follow this strategy:
* Buy Point (Entry): You can open a long position from the current price around $0.6586 or on slight pullbacks towards $0.65. Being close to the support level can improve the potential risk-reward ratio.
* Stop-Loss: A critical point! It is recommended to place your stop order below the lowest 24-hour low, such as $0.63 or $0.64. This will help you limit large losses if the price falls further than you expected.
* Take-Profit Target:
* First Target: The resistance levels it has encountered before, the range of $0.68 - $0.69, can be your first profit-taking zone.
* Second Target: If these levels are broken and there is strong upward momentum in the market, you can target the range of $0.71 - $0.73.0