Liquid Capital founder Yi Lihua (JackYi) updated his view on #BTC on November 4 📝! He believes $BTC
has built up momentum for a rebound after a 40-day correction. The price has successfully moved above the 20-day moving average on the 4-hour chart, a mid-term signal that favors the bulls. This is also the first time he has turned bullish on a rebound since this correction began. He laid out clear targets: first, a push toward $80,000; if that level is broken successfully, the next major resistance is at $82,600. However, keep in mind that this is only a bullish technical signal. The market can be affected by macro news at any time, and if support fails, the rebound thesis will no longer hold—so don’t blindly chase the rally 🤔
has built up momentum for a rebound after a 40-day correction. The price has successfully moved above the 20-day moving average on the 4-hour chart, a mid-term signal that favors the bulls. This is also the first time he has turned bullish on a rebound since this correction began. He laid out clear targets: first, a push toward $80,000; if that level is broken successfully, the next major resistance is at $82,600. However, keep in mind that this is only a bullish technical signal. The market can be affected by macro news at any time, and if support fails, the rebound thesis will no longer hold—so don’t blindly chase the rally 🤔