A Shift in Perspective: From Bearish to 90% Confident in a New Bull Market
Jiang Zhuo'er, founder of a major mining pool, recently publicized his updated outlook on the cryptocurrency market, marking a significant departure from his earlier cautious stance. He openly acknowledged that his previous bearish assessment was incorrect. Based on current market structure and data analysis, he now presents a clear conviction: there is a 90% probability that the prolonged bear market has concluded.
Trading in Action: Dynamic Adjustments to Ethereum Strategy
Jiang backed his macro view with details of his personal trading activity. He disclosed that the Ethereum he previously sold between $1,738 and $1,931 was bought back at $2,100 after a stop-loss was triggered. As ETH rallied further to around $2,525, he sold 50% of his spot holdings in an attempt to capture a local top, setting a stop-loss at $2,550. These moves demonstrate a tactical approach to navigating market volatility.
Cycle Forecast: Ethereum's Potential Breakout Performance
Beyond calling the market phase, Jiang offered a more forward-looking prediction: during this market cycle, Ethereum (ETH) has the potential to outperform Bitcoin (BTC) in terms of price appreciation. This assessment stems from evaluating the distinct development narratives and potential catalysts for each asset, providing an additional layer for investor consideration.
For Sidelined Capital: A Defined Entry Plan
For capital that remains on the sidelines or missed earlier entry points, Jiang outlined a relatively clear plan. He stated that if Bitcoin retraces to the range between $67,000 and $72,000, he would allocate all intended funds. Should the market not offer such a pullback, he intends to deploy the capital at prevailing market prices no later than the end of October. This provides a concrete framework of price levels and timing for investors following his analysis.