Jiang Zhuoer, founder of BTC.TOP mining pool, said on Sept. 21 that Bitcoin’s recent price action is tracking one of the scenarios he had outlined earlier. In his view, BTC would first test the high-resistance area around $83,000 to $84,000 and then enter a sharp pullback. He described the current move as consistent with that script.
Jiang also said he does not see the present level as the cycle top based on the chart pattern he is watching. For that reason, he said he is staying on the sidelines rather than opening a short position. At the same time, he added that he is holding a full spot ETH position and waiting for further upside.
The remarks were reported by BlockBeats. No additional market data or timing details beyond his post were provided in the source.
BlockBeats reported on Sept. 21 that Jiang Zhuoer, founder of the BTC.TOP mining pool, said Bitcoin’s price action is matching one of the scenarios he had previously laid out: a move to the $83,000-$84,000 high-resistance zone, followed by a sharp pullback.
He also wrote: 「With this pattern, this is not the top here. I’ll wait and see, and I’m not shorting. I’m holding a full spot ETH position and waiting for it to rise.」
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