Jiang Zhuoer: Sold Entire Bitcoin Position at $82,050, Eyes $70,000 to $72,000 Next

BlockBeats News, September 4th, Jiang Zhuo'er, founder of Lebi Mining Pool (B.TOP), shared his recent trading activities, stating that he sold 100% of his BTC position at a Bitcoin price of approximately $82,050.

Jiang Zhuo'er stated that he switched from his previous stance of "not shorting ETH" to shorting BTC this time mainly due to the high volatility of ETH's price. Additionally, he mentioned that after the BTC ETF funds appeared weak and experienced their first outflow, BTC unexpectedly rose to around $81,500, providing a good selling opportunity near the upper boundary of the range. Furthermore, he believed that the current BTC consolidation phase lasted only about 13 days, which was not enough time to break through the key resistance level of $83,000 to $84,000. He also observed a short-term candlestick pattern forming a piercing line after breaking $82,000, which he considered a good trading signal.

Regarding the future trend, Jiang Zhuo'er outlined the following scenario: BTC is expected to first fall back to the $70,000 to $72,000 range, which he sees as the "last opportunity to get on board"; it may then oscillate in the $76,000 to $82,000 range, searching for profit-taking levels. If the price continues to rise to $83,000 to $84,000, he suggests using $82,300 as a reference for a stop-loss.