Yi Lihua: Had Been Consistently Bearish on Bitcoin's Short-Term Trend, Believing There Is Pullback Pressure Near $86,000

Odaily reports that Yi Lihua, founder of Liquid Capital, stated in a post that over the past month or so, he had published 6 consecutive posts warning that Bitcoin could face a pullback after rising to around $86,000. Over the past half month, Bitcoin has continued to trade sideways, with a false breakout occurring at one point, but he has consistently maintained his short-term pullback view.

Yi Lihua said he had previously judged in May that the rebound was over, and in July and August repeatedly highlighted bottom-fishing opportunities. He believes that investment and trading in the crypto market are highly difficult, and participants need to continuously improve their investment and trading capabilities to have a chance at gaining returns.