Liquid Capital founder Yi Lihua said in a post on X that the current crypto market move is still a pullback within a daily uptrend channel rather than a trend reversal. He described the recent short-term false breakout as a typical bull trap and said 82,000 is the key retracement level to watch. According to him, if that level holds, the pullback could end and the market may resume climbing; if it fails, the market could face a larger correction. Yi also said his team had become more disciplined during the recent pullback, choosing not to chase game-like trades or try to capture the last bit of profit, and instead waiting patiently for new, clearer opportunities. He added that with U.S. stocks looking weak, interest rates elevated, and gold falling, crypto has remained relatively resilient, reinforcing his view that the current move is a normal pullback after a strong rise.
ChainCatcher reported that Liquid Capital founder Yi Lihua said in a post on X that the market’s current move still looks like a pullback inside a daily ascending channel, not a full trend reversal yet.
He said the recent short-term fake breakout was a textbook bull trap. And 82,000, he added, is the level that really matters on the retracement. If 82,000 holds, the pullback may be over and the market could push higher again. But if that level breaks, a deeper correction may be next.
Yi also wrote: "When we were looking at the pullback a few days ago, we made progress on one thing: we should not try to make money from pure market gaming, and we should not fight over the very last coin. Better to wait patiently for the next clear opportunity."
On the bigger macro picture, he said that U.S. stocks are weak, interest rates are high, and gold is falling, yet crypto has stayed relatively firm. So based on that, he said he leans more toward seeing this move as a normal pullback after an upswing.
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