$BTC $ETH $SOL
Jiang Zhuoer: If BTC breaks the key support at $76,500, the decline may accelerate
On September 13, Jiang Zhuoer, founder of the mining pool B.TOP, stated that BTC has fallen as expected, with $76,500 being a key support level (the lower edge of the ascending channel and the 23.6% Fibonacci retracement from about $57,000 to $82,000). If it breaks below $76,500, the decline may accelerate, and the next focus is whether the previous low of $75,500 can hold. Earlier today, he mentioned two possible scenarios: a) a rebound before $75,000, which would likely lead to a rise back to $80,000 or even up to the strong resistance zone between $83,000 and $84,000, followed by a major correction; b) a confirmed break below $75,000, which would trigger a retracement corresponding to the previous rise from $64,000, expected to reach $70,000 to $72,000, then enter the next bull market phase. Jiang Zhuoer believes that next week's vote on the "Cryptocurrency Market Structure Act" (the CLARITY Act) and Federal Reserve news could be key catalysts, so he maintains a neutral position with a full BTC short and full ETH spot holdings.
Jiang Zhuoer: If BTC breaks the key support at $76,500, the decline may accelerate
On September 13, Jiang Zhuoer, founder of the mining pool B.TOP, stated that BTC has fallen as expected, with $76,500 being a key support level (the lower edge of the ascending channel and the 23.6% Fibonacci retracement from about $57,000 to $82,000). If it breaks below $76,500, the decline may accelerate, and the next focus is whether the previous low of $75,500 can hold. Earlier today, he mentioned two possible scenarios: a) a rebound before $75,000, which would likely lead to a rise back to $80,000 or even up to the strong resistance zone between $83,000 and $84,000, followed by a major correction; b) a confirmed break below $75,000, which would trigger a retracement corresponding to the previous rise from $64,000, expected to reach $70,000 to $72,000, then enter the next bull market phase. Jiang Zhuoer believes that next week's vote on the "Cryptocurrency Market Structure Act" (the CLARITY Act) and Federal Reserve news could be key catalysts, so he maintains a neutral position with a full BTC short and full ETH spot holdings.