#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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Sell/Short BTC:
(Trade Setup: Short BTCUSDT (Bitcoin)
Entry Point: 104,200 – 104,400 USDT
Stop Loss: 106,000 USDT
Take Profit: 100,500 USDT
Risk-Reward Ratio: ~1.9:1
Rationale:
RSI (60min) at 39.37 indicates weak momentum; price is trending below the VWAP.
ADX remains low (26.6), suggesting a weak trend but bearish momentum is intensifying.
Momentum (Mom) and AO on both daily and hourly are deeply negative.
Price is now under EMA20, EMA50, and converging with EMA100, implying increasing downside pressure.
High-volume selloffs visible recently.
#Bitcoin#