Jiang Zhuoer: BTC's next support level looks toward $69,100

Odaily reports: Jiang Zhuoer, founder of LEBIT Mining Pool, posted on the X platform stating that BTC has fallen below the Fibonacci 50% 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.

In addition, he stated that he plans to look for an opportunity to close his hedge short position opened near $73,000 for BTC.