Bitcoin may be falling into a “bull trap,” the $82,000 mark becomes the focus
⚠️ Yi Lihua warns that a short-term breakout could be fake
Yi Lihua, founder of Liquid Capital, believes Bitcoin’s recent upswing could be a “bull trap,” but the primary uptrend on the daily timeframe has not yet been broken.
According to him, the current correction may still be viewed as a pullback within an upward channel.
📊 $82,000 is a key support zone
Yi Lihua emphasizes that $82,000 is the level that needs to be closely watched.
If Bitcoin holds this area, the correction could end soon and the uptrend may continue. Otherwise, if $82,000 is lost, the market risks moving into a deeper decline.
💥 $326 million in liquidations
According to Coinglass, about $326 million in leveraged positions were liquidated over the past 24 hours, including $196 million in longs and $130 million in shorts.
Bitcoin is currently trading around $83,020, down about 0.47% over the past 24 hours.
⚠️ Yi Lihua warns that a short-term breakout could be fake
Yi Lihua, founder of Liquid Capital, believes Bitcoin’s recent upswing could be a “bull trap,” but the primary uptrend on the daily timeframe has not yet been broken.
According to him, the current correction may still be viewed as a pullback within an upward channel.
📊 $82,000 is a key support zone
Yi Lihua emphasizes that $82,000 is the level that needs to be closely watched.
If Bitcoin holds this area, the correction could end soon and the uptrend may continue. Otherwise, if $82,000 is lost, the market risks moving into a deeper decline.
💥 $326 million in liquidations
According to Coinglass, about $326 million in leveraged positions were liquidated over the past 24 hours, including $196 million in longs and $130 million in shorts.
Bitcoin is currently trading around $83,020, down about 0.47% over the past 24 hours.
