#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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On Thursday, the market entered a period of fluctuation as expected. The volatility of Bitcoin narrowed yesterday, maintaining a tight consolidation within the 1500-point range. Our trading strategy from yesterday perfectly realized two waves of downward profit. Currently, the market momentum is relatively weak, so it is recommended to continue with a high trading strategy.
The daily level shows that the coin price is continuously consolidating at a high level, with a key resistance level being persistently unbreakable, indicating a clear sign of stagnation. Caution is advised regarding the risk of a pullback from high levels; currently, the market is in a technical correction phase after a surge, with evident oscillation. Given the significant strong pressure above, it is recommended to maintain a trading strategy that sells on high. If there is an unexpected breakthrough of the resistance level, then adjust the strategy promptly.
Trading Suggestions:
BTC 104000-104500 range consolidation, down target 102000-101000 area
Short position entry in the ETH range of 2630-2650, targeting the range of 2550-2400.