Liquid Capital Founder Yi Lihua Says Bitcoin Has Not Broken Key Support as Altcoins Pull Back
Liquid Capital founder Yi Lihua said he has repeatedly warned that the market could face a pullback, adding that Bitcoin has not yet fallen below a key support level while altcoins have already seen a broad correction. According to ChainCatcher, he said he had judged a month ago that Bitcoin could face a pullback after rising to around $86,000.Yi said that in a bull market, most of the time is still spent in a range-bound phase, with only a small portion of time marked by rapid gains and normal corrections, and that there is no bull market with uninterrupted upside. He added that even if the current pullback is relatively large, it remains a normal part of the broader bull trend, and advised investors not to try to trade constantly or capture every opportunity.