Yi Lihua: Optimistic about the continuation of the bull market, this round of pullback is just a normal adjustment

BlockBeats News, September 9, Liquid Capital founder Yi Lihua stated that the current market remains bullish. Since Bitcoin began its upward trend on August 17, it has risen for five consecutive days, entering a correction phase starting August 22, lasting approximately 19 days. This period is considered a normal upward-sloping adjustment during the overall uptrend, with wide fluctuations of $6,000 in the $76,300–$82,300 range. The resistance level for the upward trend is around $82,300. Yi Lihua emphasized that no bull market rises in a straight line, and the market is constantly changing. First, do not short during a bull market trend, and second, closely monitor daily-level adjustments. In addition to the broader market, recent localized bull markets have emerged on Robinhood's chain, ZEC whale coins, and trading tokens. All signs indicate that the current situation is highly reminiscent of the eve of the explosive bull market in 2020. [Original link]