Jiang Zhuoer: Bull Market Intact, July Low of $57,758 Marks Bottom

Cointime reports: Litecoin Pool founder Jiang Zhuoer said on X on November 12 that on-chain and long-term indicators show the bear market has ended, with July’s $57,758 marking the cycle low. He said the open question is where the current pullback bottoms — the 50% Fibonacci retracement at $72,500 or the 61.8% level at $69,000-$70,000. Jiang said his BTC long was stopped out at $72,700 on a 5% stop and he opened a short hedge at $73,000, adding he will cut long-short trading and stay on the sidelines.