Yi LiHua: Still bearish but not shorting for now. If BTC breaks below $82,000, it may test the $71,000 support.
The hardest thing for BTC right now isn’t that I can’t understand the direction—it’s that every rebound looks like it’s about to break out, and every pullback looks like it’s going to keep falling.
On October 4, Yi LiHua, founder of Liquid Capital, said that since going flat at $86,000 and judging that a pullback was coming, the market has repeatedly lured long positions through false moves. He chose to keep resting instead of trying to profit from the odds-and-ends of speculation, or taking every opportunity. The core view is simple: missing out is always better than making the wrong move.
At the moment, he still expects a pullback, but he’s not shorting. Key levels to watch are $82,000. If BTC loses that level, the next supports to watch are $79,000, $75,000, and $71,000.
Of course, there’s another possibility: BTC may not drop further deeply, but instead digest the pressure through sideways consolidation—trading time for space.
So the focus now isn’t guessing whether it will definitely fall or not. First, see whether $82,000 can hold. If it holds, the market may continue to consolidate; if it breaks, the downside room for the pullback may open further.
Expecting a pullback doesn’t necessarily mean you must short; being bullish doesn’t mean you have to chase the rally at the current level. When there’s no clear risk-reward advantage, being in cash is also an option.
Short-term monitoring order: $82k support → $79k → $75k → $71k. If $82k holds and BTC then re-accumulates volume to break the previous high, the pullback logic needs to be reassessed.
Do you think this is consolidation and digestion, or that after $82k fails, BTC continues the pullback?
The hardest thing for BTC right now isn’t that I can’t understand the direction—it’s that every rebound looks like it’s about to break out, and every pullback looks like it’s going to keep falling.
On October 4, Yi LiHua, founder of Liquid Capital, said that since going flat at $86,000 and judging that a pullback was coming, the market has repeatedly lured long positions through false moves. He chose to keep resting instead of trying to profit from the odds-and-ends of speculation, or taking every opportunity. The core view is simple: missing out is always better than making the wrong move.
At the moment, he still expects a pullback, but he’s not shorting. Key levels to watch are $82,000. If BTC loses that level, the next supports to watch are $79,000, $75,000, and $71,000.
Of course, there’s another possibility: BTC may not drop further deeply, but instead digest the pressure through sideways consolidation—trading time for space.
So the focus now isn’t guessing whether it will definitely fall or not. First, see whether $82,000 can hold. If it holds, the market may continue to consolidate; if it breaks, the downside room for the pullback may open further.
Expecting a pullback doesn’t necessarily mean you must short; being bullish doesn’t mean you have to chase the rally at the current level. When there’s no clear risk-reward advantage, being in cash is also an option.
Short-term monitoring order: $82k support → $79k → $75k → $71k. If $82k holds and BTC then re-accumulates volume to break the previous high, the pullback logic needs to be reassessed.
Do you think this is consolidation and digestion, or that after $82k fails, BTC continues the pullback?