Liquid Capital founder Yi Lihua said on X that he still expects Bitcoin to remain in a pullback phase and urged traders to stay patient instead of trying to trade constantly. He wrote that although the market has seen rebounds during the recent decline, Bitcoin has already fallen below the midline on the 4-hour chart, referring to the 20-period moving average. According to his post, Bitcoin is now in a broad downtrend across the 15-minute, 1-hour, 4-hour and daily timeframes, with the weekly chart the only exception. Yi also referenced recent price action around $86,000, saying Bitcoin repeatedly oscillated and tried to break the strong resistance at $87,000, which made him feel worried and anxious. He added that a brief move above the key $84,000 level during the pullback created a similar feeling. Even so, he said traders should keep an open mindset, arguing that missing a trade is much better than making a wrong one.
Odaily reported that Liquid Capital founder Yi Lihua said in a post on X that he continues to expect a pullback in Bitcoin.
Yi wrote that although there have been rebounds during the past few days of declines, Bitcoin has now fallen below the midline on the 4-hour chart, which he identified as the 20-period moving average, as U.S. stocks fall and oil prices rise.
He said Bitcoin is in a broad decline on every timeframe except the weekly chart, including the 15-minute, 1-hour, 4-hour and daily charts.
On his market view, Yi said: 「As I said before, the pullback is far from over. Be patient and do not think about trading all the time.」
He also said that when Bitcoin pulled back to $86,000, repeated swings and attempts to break the strong resistance at $87,000 left him worried and anxious. He said he felt the same way when a rebound briefly moved above the key $84,000 level during the correction.
Still, he said that in trading, as long as one keeps an open mindset, 「missing a trade is far better than making a wrong one,」 and traders should stick to their principles rather than be distracted by false signals.
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