Jiang Zhuo'er: The next support level for Bitcoin looks towards $69,100

The founder of Liebit Mining Pool, Jiang Zhuoer, posted on the X platform stating that BTC has fallen below the Fibonacci 50% retracement level of the previous upward trend ($72,600). The next level to watch is the 61.8% retracement level ($69,100), and it is necessary to observe whether BTC can rebound before falling to $70,000.

In addition, he mentioned plans to look for opportunities to close the hedge short position established around $73,000 in BTC.