Jiang Zhuoer: The current downturn is a severe oversell, I have bottom-fished ETH at $1,850
BlockBeats News, on February 6, B.TOP (LaiBite Mining Pool) founder Jiang Zhuoer stated on his social media this morning that the crypto market "has experienced a severe oversold situation since the decline starting from January 28, and there is a need for a mid-term recovery adjustment."
Jiang Zhuoer also mentioned that he has "bought the dip in ETH at $1850, with a stop loss at $1790. The take profit target hasn't been set yet, let's wait and see. Such oversold opportunities only appear once in years—missing out would be a big loss."
Jiang Zhuoer's LaiBite Mining Pool was once one of the top-ranked bitcoin mining pools in the world, and during the bull market peak at the end of 2017, it briefly held the number one position in global hash rate.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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