Liquid Capital founder Jack Yi said in a post that he remains bullish on the market, arguing that Bitcoin is still in an uptrend despite a recent pullback. He wrote that BTC had risen for five straight days after starting its move on Aug. 17, then entered a correction phase on Aug. 22 that has lasted about 19 days. In his view, that stretch is a normal adjustment within a broader advance rather than a break in trend.
Yi placed the current trading range between $76,300 and $82,300, describing it as a $6,000-wide band, with resistance near $82,300. He added that no bull market moves up in a straight line and said the market changes constantly. Based on that framework, he said traders should avoid shorting in a bull trend and keep a close watch on daily-chart corrections.
Beyond the broader market, Yi also pointed to what he described as localized bull-market action in RH on-chain activity, ZEC operator-driven tokens, and trading-oriented tokens. He said the combined signals make the current setup look like the eve of the sharp 2020 bull run.
Liquid Capital founder Jack Yi said in a post that he still sees the market trending higher.
According to Yi, Bitcoin rose for five consecutive days after starting its move on Aug. 17, then entered a correction phase on Aug. 22 that has lasted about 19 days. He described the period as a normal pullback within an ongoing advance, with what he called an upward-sloping adjustment structure.
Yi said the current range sits between $76,300 and $82,300, a $6,000 band, and placed resistance near $82,300.
He added that no bull market rises in a straight line and said market conditions change at every moment. In his view, the key points are not to short during a bull trend and to closely watch daily-chart corrections.
Beyond the broader market, Yi said RH on-chain activity, ZEC operator-driven tokens, and trading-oriented tokens have recently shown signs of a localized bull market. He said the overall setup now looks similar to the eve of the sharp 2020 bull run.
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