PANews
PANews|Sep 04, 2026 00:48
[Jiang Zhuoer: Sold All BTC Positions at $82,050, Now Watching $70,000 to $72,000] Jiang Zhuoer, founder of BTC.TOP mining pool, shared his recent trading operations, stating that he sold 100% of his BTC positions when Bitcoin's price was approximately $82,050. This shift from previously 'not shorting ETH' to shorting BTC was primarily due to the higher volatility in ETH's price movements. Additionally, after BTC ETF funds showed weakness and experienced their first outflows, BTC instead rose to around $81,500, reaching the upper boundary of its price range, which presented a favorable selling opportunity. Furthermore, he believes that BTC's current consolidation phase has lasted only about 13 days, insufficient to break through the critical resistance level of $83,000 to $84,000. The short-term upward wick pattern that appeared after surpassing $82,000 also served as a strong trading signal.
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