Yi Lihua: Republicans May Lose Control of Both Chambers of Congress; US Stocks May Continue to Pull Back, While Bitcoin Shows Relative Resilience

Odaily reports: Yi Lihua, founder of Liquid Capital, posted on X stating that Republicans will likely lose control of both the Senate and House of Representatives, and the electoral situation in the key state of Texas is also precarious. Against this backdrop, US stocks may continue to pull back.

He noted that Bitcoin had previously shown signs of rebound demand within a roughly 40-day correction range, but following the Binance black swan incident and Trump's defeat in the midterm elections, Bitcoin has not yet pulled back to an ideal level. However, compared with US stocks, Bitcoin has demonstrated strong resilience within the current bull market trend, especially when the external environment is almost entirely bearish.