Yi Lihua: BTC is Currently More Likely to Break Below $79,000; in a Bull Market, Expect Pullbacks but Don't Short

Odaily reports: Yi Lihua posted that Bitcoin has lost the $82,000 level, and the next support level is at $79,000. However, based on the pace of the decline over the past two days, the current pullback is far from over, and it is now more likely to break below $79,000, at which point we will then assess the situation around the $75,000 range. We have been watching this $86,000 pullback for so long and indeed have not shorted, because the trend is still a bull market, and a pullback is also normal fluctuation within a bull market. We stick to the principle of expecting pullbacks in a bull market but not shorting, patiently waiting for the pullback to bottom out before buying the dip. As for the dip-buying price, never guess in advance, because the market and environment are constantly changing.