Liquid Capital founder Yi Lihua said in a post that he had repeatedly warned of a possible market pullback in recent weeks. According to his view, Bitcoin has not yet broken a key support level, while altcoins have already entered a broad correction. He also said that about a month ago, he had judged that Bitcoin could face a pullback after rising to around $86,000. Yi described the current move as a normal part of a bull-market structure rather than a break in trend. He added that bull markets do not move higher in a straight line, with most of the period typically marked by choppy trading and only limited windows of rapid upside. Based on that reading, he advised investors not to try to trade constantly or capture every opportunity in the market.
According to ChainCatcher, Liquid Capital founder Yi Lihua said in a post that he had repeatedly warned that the market could see a pullback. At present, Bitcoin has not broken a key support level, while altcoins have already undergone a broad correction.
Yi said he had judged about a month ago that Bitcoin could face a pullback after rising to around $86,000.
He said that during a bull market, most of the time is still spent in a choppy range. Only a smaller portion of the cycle sees rapid gains and normal pullbacks, and a bull market does not rise continuously without interruption.
In his view, even if this correction is relatively large, it still falls within the normal range of a bull-market trend. He also advised investors not to try to trade at all times or catch every single opportunity.
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