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Yi Lihua: If Bitcoin Can't Hold $82,000, It May Face a Larger-Scale Correction

Odaily reports that Yi Lihua, founder of Liquid Capital, posted on X: "The current market is in a pullback within the daily uptrend channel, which doesn't yet count as a trend reversal. However, this kind of short-term fake breakout is a typical bull trap. The key correction level is at 82K. If 82K holds, the correction is over and the uptrend continues; if 82K can't hold, we may face a larger-scale correction. When we anticipated the correction a few days ago, we made progress on one thing: not chasing the money from speculation, not going after the last penny, and patiently waiting for new opportunities with certainty. That said, with US stocks weak, interest rates high, and gold falling, the crypto market has been relatively resilient, and I'm more inclined to believe this is a normal correction after a rally."

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Odaily reports that Yi Lihua, founder of Liquid Capital, posted on X: "The current market is in a pullback within the daily uptrend channel, which doesn't yet count as a trend reversal. However, this kind of short-term fake breakout is a typical bull trap. The key correction level is at 82K. If 82K holds, the correction is over and the uptrend continues; if 82K can't hold, we may face a larger-scale correction. When we anticipated the correction a few days ago, we made progress on one thing: not chasing the money from speculation, not going after the last penny, and patiently waiting for new opportunities with certainty. That said, with US stocks weak, interest rates high, and gold falling, the crypto market has been relatively resilient, and I'm more inclined to believe this is a normal correction after a rally."
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