Liquid Capital founder Yi Lihua said on Sept. 29 that the market is still in a pullback within a daily uptrend channel and should not yet be treated as a trend reversal. He described the recent short-term false breakout as a classic bull trap and said $82,000 is the critical level to watch. If the market can hold above $82,000, the pullback may be over and the broader rise could resume. If that level fails, he said, the market may face a larger pullback. Yi also referred to Liquid Capital’s earlier stance during the correction, saying the firm was not trying to make money from short-term tactical trading or squeeze out the last bit of profit, and instead preferred to wait patiently for a new opportunity with clearer conviction.
According to BlockBeats, Liquid Capital founder Yi Lihua said on Sept. 29 that the market is currently in a pullback within a daily ascending channel and should not yet be viewed as a trend reversal.
$82,000 identified as the key level
Yi said the short-term false breakout is a typical bull trap, with $82,000 serving as the key pullback level. If the market can hold $82,000, the pullback could end and the upward move may continue. If it fails to hold that level, the market could face a larger correction.
Liquid Capital says it is waiting for clearer setups
He added that when Liquid Capital had been looking for a pullback in recent days, the firm’s view was that it would not try to profit from game-like short-term trades or chase the last bit of profit, and would instead wait patiently for a new opportunity with more certainty.
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