#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 market has shown a downward trend for three consecutive trading days, forming a distinct three consecutive down candles pattern on the daily chart. The short-term technical aspect has entered a downward channel. However, technical indicators show that the DIF and DEA are gradually converging, which usually indicates the onset of a rebound preparation phase. At the same time, the RSI indicator is approaching the oversold area, and the volume is continuously decreasing, indicating that the downward momentum is being exhausted, and the market may soon迎来 a turning point.
From an operational perspective, a relatively key support level has formed near 98500, and investors may consider placing long positions at this level. More cautious investors can wait for the price to pull back to around 97800 before entering the market to achieve a better risk-reward ratio. If the rebound trend is established, the upper resistance range is expected to be between 102000 and 103500, which will also serve as a reference point for short-term profit-taking.