Jiang Zhuoer, founder of LTBTC Pool (B.TOP), said he sold his entire Bitcoin position at around $82,050 and has shifted to shorting BTC. He said the move was driven by ETH’s relatively high volatility, weak BTC ETF capital flows after a first outflow, and Bitcoin’s rise toward the upper end of the $81,500 range, which he viewed as a favorable selling opportunity.
He added that Bitcoin’s latest consolidation lasted about 13 days, which he said was insufficient to break the key resistance zone at $83,000-$84,000. After BTC moved above $82,000, he said a short-term upper wick formed, which he viewed as a trading signal. Jiang expects BTC to pull back first to the $70,000-$72,000 range, then potentially trade between $76,000 and $82,000. If the price rises to $83,000-$84,000, he said $82,300 would serve as a stop-loss reference.
Jiang Zhuoer Says He Exited Bitcoin at $82,050, Eyes $70,000-$72,000 Pullback
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