HuoXing Finance reports that on June 5, Jiang Zhuo'er, founder of the B.TOP mining pool, stated that he has repurchased his entire previously sold Ethereum position at an average price of $1,645, having previously liquidated his holdings in the $2,200 to $2,400 range. Although the repurchase is complete, he believes the overall market remains in a downtrend; however, Bitcoin has twice found support near $61,000 without effectively breaking below it, indicating a short-term technical need for a rebound. Based on this assessment, Jiang expects Bitcoin to experience a rebound over the next 1 to 3 days and plans to sell his newly repurchased Ethereum position during this rally.
Jiang Zhuoer re-enters ETH position, plans to sell after a 1-3 day rally
MarsBitShare
Summary
Jiang Zhuoer, founder of B.TOP, re-entered Ethereum at $1,645 after previously selling between $2,200 and $2,400. He anticipates an upcoming market rally, with Bitcoin testing the $61,000 support level twice. He plans to sell ETH during a 1-3 day rebound. While altcoins to watch may benefit from a broader market rally, he still considers the overall trend bearish.
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