#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.
💬 Do you think Bitcoin will become a new norm for corporate asset allocation? How might this impact Bitcoin’s price? What’s your recent BTC trading strategy? Post to share your price predictions, market analysis, and strategies with us using the topic tag!
🎁 Meanwhile, Gate’s BTC Staking event is in full swing! Simply stake your BTC and earn up to 3% APY. Click the link to start staking and enjoy your earnings: https://ww
The market Fluctuation of Black Friday indeed lives up to its reputation, with Crypto Assets prices experiencing intense volatility. Earlier bullish analysis was briefly validated when prices reached 106486; however, the market did not exhibit the expected strong upward momentum, but rather increased its downward movement.
Long positions opened around 105,000 are under sustained downward pressure, and the price is slipping all the way to the 104,400 area. Despite the margin call, the market has not shown signs of rebounding, and the short-term structure has clearly formed a downward trend. In the face of such a situation, it is obviously unwise to stick to the original position. Considering the historical influence of Black Friday, it was the right choice to immediately stop loss and turn to the short strategy in the 104200 area, and finally closed the position at 102800 and gained 1400 points.
This reminds us that market predictions are not always accurate, and no investor can guarantee a hundred victories. The key is to maintain a good mindset, analyze the current situation in a timely manner, and make corresponding adjustments to avoid being stubborn in one's views, in order to survive in this market for the long term.
From the daily chart performance, Bitcoin has once again shown a pattern of probing higher and then retreating, with a significantly elongated upper shadow, while Ethereum is exhibiting a similar trend. The market reached a low of 102255 and has shown signs of stopping the decline, currently oscillating around the 103 level. Although the retracement has deepened and once again probed down to the lower end of a large range, the overall bullish trend has not fundamentally changed. It was previously warned that if it cannot stabilize above the 106 level, it will retrace again, but the current retracement is basically over, and the downside space is limited.
Considering the current market conditions, long positions can be established in the range of 103000-102500, with a target price of 105000; for Ethereum, positions can be set in the range of 2420-2400, targeting 2500. However, if the price tests the 100000 support level again, the strategy needs to be reassessed based on the structure at that time.