#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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🪙💡Bitcoin is entering consolidation. It signals a confirmation that the downward movement of the C wave is starting.
🚨This is how I make my short trade:
Triggerprice: 95800
Limit Sell Order: 95700
StopLoss: 97000
TP1: 93800
TP2: 92000
TP3: 89000
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Justification:
1. Confirmation of a reversal movement:
A break below $96,000 indicates that the B-wave is likely complete.
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Entering just below (at $95,800) gives you confidence that the movement is not just a fake-out.
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2. Minimizing risk:
The price could bounce off the $96,000 mark in the short term before entering the downward trend. Entering just below it avoids this uncertainty.
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3. Linking with Fibonacci levels:
An entry at $95,800 harmonizes better with the potential targets of the C wave (e.g. $92,000 and lower).
This is not financial advice.
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