Odaily Planet Daily reports: Jiang Zhuo'er posted on X that he sold his entire BTC position at approximately $82,050 per BTC. This shift from his previous stance of "not shorting ETH" to shorting BTC was driven by ETH's heightened volatility. After BTC ETF funds weakened and recorded their first outflow, Bitcoin nevertheless rose to the upper boundary of its $81,500 trading range, creating a favorable selling opportunity. Jiang Zhuo'er believes that this current consolidation phase for Bitcoin has lasted only about 13 days—insufficient time to break through the key resistance level of $83,000 to $84,000. The short-term price pattern of a bullish pin bar following a breakout above $82,000 served as a strong trading signal.
Jiang Zhuoer sells all BTC positions at $82,050, targeting $70,000 to $72,000
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Summary
Jiang Zhuoer sold all BTC positions at $82,050, citing an unfavorable risk-to-reward ratio above $83,000. He is now shorting BTC while maintaining a neutral stance on ETH, noting ETH’s higher volatility. BTC ETF inflows have slowed, yet prices reached the upper boundary of the $81,500 range. Jiang views the 13-day consolidation as too brief to break key support and resistance levels. A short-term spike above $82,000 presented a favorable entry point for traders.
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