Jiang Zhuoer: BTC's Next Support Level Points to $69,100

Odaily reports: Jiang Zhuoer, founder of LTC1TOP (Läbǐ Tè Mining Pool), posted on X platform stating that BTC has fallen below the 50% Fibonacci retracement level ($72,600) of the previous entire uptrend, and the next level to watch is the 61.8% retracement level ($69,100). It remains to be seen whether BTC can stage a rebound before dropping to $70,000.

Additionally, he stated that he plans to look for opportunities to close his hedge short position opened near $73,000 on BTC.