Jiang Zhuoer: Bitcoin may fall below $80,000, with support at $77,000 difficult to break

Jiang Zhuoer, the founder of the Liebit Mining Pool, stated in a post that he currently believes Bitcoin is very likely to fall below $80,000, but it is very unlikely to drop below $77,000.

$77,000 is both the point of control (POC) for the trading volume distribution of the previous fluctuation range and the POC since the rise on August 19, which is the price level with the largest trading volume in the corresponding range. He also believes that the market is very unlikely to drop below $75,000, allowing everyone to buy in at a comfortable position.