#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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Happy weekend! Yesterday morning, the market experienced a rapid plummet, which is somewhat related to the recent geopolitical conflicts. However, after the sharp fall, it basically showed a whole day's oscillation and rebound trend. Some varieties even formed a sideways structure, with only BTC showing a slightly stronger rebound, while Ether, LINK, and SOL had relatively weak rebounds. I still judge that this is a rebound structure following a decline, mainly because the current situation indicates that the market has entered a daily chart downtrend. Since the 12th, the downward structure has not been complete, and it is expected that it will still oscillate downward during the day until the evening. After this swing trading is completed, the rebound can start in the early morning. Due to the strong rebound of BTC, the downward space for BTC is expected not to be too large, with strong support around 102000 for BTC and around 2400 for Ether. Of course, if the oscillation and rebound continue, attention should be paid to exiting after a pullback.