Jiang Zhuoer Says Bitcoin Faces Key Support at $76,500

B.TOP founder Jiang Zhuoer said Bitcoin has fallen as expected and identified $76,500 as a key support level, citing the lower edge of an upward channel and the 23.6% Fibonacci retracement of the move from about $57,000 to $82,000. If Bitcoin breaks below $76,500, he said the decline could accelerate, with the next test at the previous low of $75,500. According to ChainCatcher, Jiang said he previously outlined two possible scenarios: a rebound before $75,000 that could lead to another rise toward $80,000 and possibly the $83,000 to $84,000 resistance zone before a larger pullback, or a decisive break below $75,000 that would open a correction of the move that began from $64,000, potentially toward $70,000 to $72,000 before the next stage of the bull market. He said next week’s vote on the CLARITY Act and Federal Reserve-related news could be key catalysts, and that he is maintaining a neutral position with a full BTC short and full ETH spot holdings.