#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 cryptocurrency market today has shown a trend of rising initially and then falling. Bitcoin peaked at 101552 USD in the early session, then quickly retreated to around 100520 USD, entering a consolidation phase. Ethereum's movement was highly similar to that of Bitcoin, reaching a high of 2241 USD in the early session before facing resistance and pulling back, with a minimum drop to 2227 USD.
From a technical perspective, the four-hour candlestick chart shows that the market price is still constrained within a downward channel. The early session's rise and fall further validate the effectiveness of the key resistance level above. The MACD indicator's dual lines are horizontally consolidating below the zero axis, with the red momentum bars showing a shrinking trend, and a golden cross signal has not yet formed, indicating that bearish forces still dominate in the short term.
Given the current market situation, investors may need to maintain a cautious attitude. If the price can effectively rebound and hold at key resistance levels, it may be necessary to adjust trading strategies in a timely manner. However, before a breakthrough is confirmed, the market may continue to be under pressure.
For Bitcoin, the $101,500-$102,000 range may be an important resistance level. If it cannot break through, the support target below may be around $99,000. Regarding Ethereum, there may be resistance near $2,250. If it cannot break through, the support below may be around $2,150.
It is important to note that the cryptocurrency market is highly volatile, and investors should operate cautiously and manage risks appropriately. At the same time, closely monitor market trends and significant news events, as these factors can have a substantial impact on short-term price movements.