Bitcoin's $81,000 level serves as support at the 400-day moving average, while $84,000 acts as resistance at the 20-day moving average

Odaily News: Yi Lihua stated in a post that Bitcoin has support at the 400-day moving average around $81,000, and historically, every pullback that touched this level was followed by a rapid rebound; there is resistance at the 20-day moving average around $84,000, and if broken through quickly, it may retest the strong resistance level at $86,500, which is the $86,000 pullback point he has repeatedly focused on.

From a broader cycle perspective, Bitcoin is currently in a bullish uptrend, and he is even more optimistic about Bitcoin entering a super bull market next year. The current price action is a phased pullback within an uptrend, so the strategy is to be bearish in outlook but not to short.