Bitcoin briefly neared 86000 USD, and Jiang Zhuoer warned of short-term two-way trading risks

AT A GLANCE

Jiang Zhuoer believes that Bitcoin’s rally is not the time to pick the top; traders can wait for a pullback before trading on the right side.

Article

Jiang Zhuoer: Bitcoin’s “bulldozer-style” rally—do not try to pick the top; wait for a pullback before right-side trading

BlockBeats reported that September 21 the founder of the.TOP mining pool, Jiang Zhuoer, posted that Bitcoin this afternoon 5 p.m. rose to 84,000 USD at that level, its technical pattern did not look like the top of this rally, and the price subsequently came close to 86,000 USD. Currently 85,000 to 88,000 USD range has a clear vacuum in resting orders,82,000 to 85,000 USD range is similarly lacking in resting orders. At present, both long and short positions carry high trading risk.

In the current “bulldozer-style” rally, unless the price moves sideways at a high level for a period of time and then suddenly surges rapidly on a 1-minute timeframe, trying to pick the top is not recommended, as the success rate is relatively low. Rather than pursuing a sale at the highest point, it is better to give up a reasonable portion of the profit and trade on the right side after the price pulls back.

Original link https://m.theblockbeats.info/flash/368274

Key points

Jiang Zhuoer said that when Bitcoin rose to 84,000 USD at that level, its technical pattern did not look like the top of this rally.
Bitcoin subsequently came close to 86,000 USD。
85,000 to 88,000 USD range has a clear vacuum in resting orders,82,000 to 85,000 USD range is similarly lacking in resting orders.
Jiang Zhuoer said that both long and short positions currently carry high trading risk.
He does not recommend trying to pick the top during the current rally and recommends waiting for a pullback before trading on the right side.

AI-assisted interpretation

The following is analysis, separate from reported facts. Verify important claims independently.

“Picking the top” means trying to sell or open a short position near the highest price; “right-side trading” means waiting for a pullback and confirmation of the trend before trading.

Why it matters to readers

This view reminds beginners not to focus solely on selling at the highest point, but also to pay attention to trading risks.

Beginners can understand this as follows: when the market is rising rapidly, predicting the highest point can be difficult, so they should first understand the risks and trading methods.

Risks and unknowns

This is Jiang Zhuoer’s personal opinion, and the article provides no independent verification of his assessment.
The article does not state that a price pullback will definitely occur, nor that right-side trading will necessarily be profitable.

Bitcoin briefly neared 86000 USD, and Jiang Zhuoer warned of short-term two-way trading risks

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