Foresight News
Foresight News|Sep 09, 2026 06:57
[Yi Lihua: Market Continues to Look Bullish, Signs of a Local Bull Market Resemble the Eve of the Explosive 2020 Bull Run] Foresight News reports that Liquid Capital founder Yi Lihua stated, 'The market continues to look bullish. Bitcoin has been rising for five consecutive days since the rally began on August 17. Starting from August 22, it entered a consolidation phase, lasting approximately 19 days. This is a normal upward-sloping adjustment during the uptrend, within a $6,000-wide range between $76,300 and $82,300. The resistance level is around $82,300. There is no such thing as a straight-line bull market; the market changes constantly. First, do not short during a bull market trend. Second, closely monitor daily chart-level adjustments. In addition to the broader market, recently on the RH chain, ZEC whale coins, and trading tokens, there have been signs of a local bull market. All indications suggest that we are now on the eve of a scenario resembling the explosive bull market of 2020.'
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