Yi Lihua: Bitcoin Has Not Broken Key Support, While Altcoins Have Seen a Broad Correction
On October 7, Yi Lihua, founder of Liquid Capital, analyzed the market in a post on X, saying he had warned of correction risks several times recently: Bitcoin has yet to fall below key support, but altcoins have undergone a broad correction. A month ago, he had predicted that Bitcoin would face a correction after rising to $86,000. He said that bull markets spend most of their time consolidating, with only brief periods of rapid gains and normal corrections; there is no bull market that only goes up. Even a sharp correction in this cycle would be a normal part of the bull-market trend. He advised investors that they do not need to trade constantly or chase every opportunity, and should keep some positions open while waiting for a better time to act.
On October 7, Yi Lihua, founder of Liquid Capital, analyzed the market in a post on X, saying he had warned of correction risks several times recently: Bitcoin has yet to fall below key support, but altcoins have undergone a broad correction. A month ago, he had predicted that Bitcoin would face a correction after rising to $86,000. He said that bull markets spend most of their time consolidating, with only brief periods of rapid gains and normal corrections; there is no bull market that only goes up. Even a sharp correction in this cycle would be a normal part of the bull-market trend. He advised investors that they do not need to trade constantly or chase every opportunity, and should keep some positions open while waiting for a better time to act.