B.TOP mining pool founder Jiang Zhuoer said Bitcoin’s next resistance may be between $83,000 and $84,000, a range he expects will be difficult to break in the short term and may require one to two months of consolidation.
Jiang said he sold 100% of his BTC position at $82,050, bought back at $79,480, and restored a full ETH spot position. He called ETH the engine of the current bull market and said ETH rising first may indicate BTC will follow.
He said he is still waiting for a major pullback in the rally, with $76,000 highly likely and a minimum target range of $71,255 to $73,361, where he plans to use reserve funds to buy back all positions. He cited ETF inflows of $730 million on September 3 and said short positions should only be quick trades during sustained ETF inflows.
Jiang Zhuoer Sees Bitcoin Resistance at $83,000-$84,000
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