#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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The technical analysis based on the four-hour Candlestick Chart shows that after an initial continuous fall and bottoming out, the market has begun to stop falling and rebound. Currently, although it is in a slow rising phase, the overall trend has turned bullish, and a price uptrend channel has initially formed, with the market expected to continue maintaining an upward trend in the future. It is worth noting that the market has previously completed a V-shaped reversal and is currently fluctuating around the central range of the four-hour chart. A slight pullback in the short term should be viewed as a normal technical correction.
Comprehensive analysis, the market bulls are continuing to accumulate, and the lows are rising in the process of shock accumulation, which indicates that the possibility of breaking through the current range is gradually increasing. However, at present, the market has once again entered a sideways phase, and investors can consider adopting a trading strategy of selling high and buying low:
Operation Suggestions:
Bitcoin: Short can be made near the range of 104900-105300, with a target around 104000-103500.
Ethereum: Short can be placed near the range of 2545-2565, with a target of around 2515-2480.