#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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Midday market observation, Bitcoin is still operating within the trading range, with the current price hovering around 104500, while Ether is trading near 2515. As expected from the morning analysis, the market is currently progressing slowly, showing a trend of oscillating downward. It is advised that investors remain patient and wait for a clearer market direction.
From a short-term structural analysis, the K-line arrangement shows a clear sideways state, and the Bollinger Bands are beginning to show signs of contraction, which usually indicates that the market will continue to oscillate downward within a small range. Observing the one-hour time frame, the price ratio has formed a wave-like structure and is operating at the midline of the range, while the MACD energy bars do not show a significant trend of positive or negative value growth; the current level reflects a calm market sentiment. Overall, Bitcoin strategies can still consider the approach of selling high and buying low.
In terms of operational advice, Bitcoin can be considered for short selling around 104900, with a target around 104100; Ether, on the other hand, can look for short selling opportunities around 2520, with a target set around 2480.