Jiang Zhuoer, founder of mining pool B.TOP, said Bitcoin’s most likely near-term path is a move higher to sweep the $76,000 upper liquidation zone, with Ether testing liquidation around $2,665 at the same time. He outlined two scenarios after that level is cleared. In the first, BTC finds support before falling below $75,000, rebounds, and is then more likely to retake $80,000 and possibly test the heavy resistance area at $83,000 to $84,000 before a larger pullback begins. In the second, a confirmed break below $75,000 would trigger a pullback corresponding to the earlier rise from $64,000, with a projected move to $70,000-$72,000 before the next phase of the bull market. Jiang added that next week’s bill vote and Federal Reserve news could act as key catalysts. Based on that view, he said he is maintaining a neutral position made up of a full BTC short and a full ETH spot holding.
According to ChainCatcher, B.TOP founder Jiang Zhuoer said Bitcoin is most likely to move up first and sweep the $76,000 upper liquidation zone, while Ether tests liquidation around $2,665.
He then described two possible scenarios. In the first, if Bitcoin stabilizes and rebounds before dropping below $75,000, it would be more likely to climb back to $80,000 and could even reach the heavy resistance area at $83,000 to $84,000 before a larger correction starts.
In the second scenario, if Bitcoin breaks effectively below $75,000, Jiang said that would open the pullback corresponding to the previous rally from $64,000. He expects that move to reach $70,000 to $72,000, followed by the next stage of the bull market.
Jiang also said that next week’s bill vote and news from the Federal Reserve may serve as key catalysts. On that basis, he said he is keeping a neutral position consisting of a full BTC short and a full ETH spot holding.
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