Liquid Capital founder Yi Lihua said in a social media post on Sept. 2 that he has been looking for a Bitcoin pullback after the cryptocurrency failed to break through the $81,000 resistance level a few days earlier. He said the correction could fall in the $75,500 to $76,000 range, followed by a continued move higher toward the next resistance level at $86,000. Yi also cautioned that while his calls over the past few months had been largely correct, that does not mean future calls will keep being right. He said every trade should be approached with caution and treated as a fresh decision. Addressing criticism that sharing market views is easy to disprove and that one mistake can wipe out prior credibility, Yi said pushing through difficulty and continuing to improve reflect an entrepreneurial spirit, adding that failure is also part of the business process.
According to BlockBeats, Liquid Capital founder Yi Lihua said in a social media post on Sept. 2 that he has recently been expecting a Bitcoin pullback after BTC failed to break above the $81,000 resistance level a few days ago.
He said the correction could reach the $75,500 to $76,000 range. After that, he still expects Bitcoin to continue higher toward the next resistance level at $86,000.
Yi added that his judgment over the past few months had been basically correct, but that does not mean his future calls will always be right. He said every trade requires caution and should be treated as a fresh start. On the view that sharing market commentary is easily falsified and that one wrong call can undo everything, Yi said taking on difficulties and continuing to improve is part of the entrepreneurial spirit, and that failure is also part of the business process.
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