Liquid Capital founder Yi Lihua said in a post that he had warned six times over the past month and more that Bitcoin could face a pullback once it approached the $86,000 area. According to his remarks, Bitcoin has traded sideways over the past half month and briefly showed what he described as a false breakout, yet he maintained his short-term pullback view throughout that stretch. Yi also said he had judged in May that the rebound had ended, and that he flagged multiple dip-buying opportunities in July and August. He added that investing and trading in the crypto market is highly difficult, and that participants need to keep improving their investment and trading skills to have a chance of generating returns.
Liquid Capital founder Yi Lihua said in a post that he had issued six warnings over the past month and more that Bitcoin could face a pullback as it rose toward the $86,000 area.
He said Bitcoin has remained in a sideways range over the past half month. During that period, it briefly showed what he described as a false breakout, but he kept his view that a short-term correction was still likely.
Yi also said he had judged in May that the rebound had ended, and that he pointed out multiple dip-buying opportunities in July and August.
He added that crypto investing and trading are highly difficult, and that market participants need to keep improving their investment and trading capabilities to have a chance of earning returns.
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