Jiang Zhuoer has set BTC’s next level at $69,100.
He said on X that BTC has fallen below the 50% Fibonacci retracement level of the previous rally, at $72,600. The next level to watch is the 61.8% retracement at $69,100. He also said it’s worth watching to see whether a rebound occurs before the price drops to $70,000.
· This is Jiang Zhuoer’s personal assessment based on Fibonacci retracement levels, not an established price trend
· He also said he plans to look for an opportunity to close the hedge short position he opened near $73,000
What indicator would you use to confirm a rebound before $70,000?
$BTC
He said on X that BTC has fallen below the 50% Fibonacci retracement level of the previous rally, at $72,600. The next level to watch is the 61.8% retracement at $69,100. He also said it’s worth watching to see whether a rebound occurs before the price drops to $70,000.
· This is Jiang Zhuoer’s personal assessment based on Fibonacci retracement levels, not an established price trend
· He also said he plans to look for an opportunity to close the hedge short position he opened near $73,000
What indicator would you use to confirm a rebound before $70,000?
$BTC
