Yili Hua: Bitcoin may face a larger level of correction if it cannot hold $82,000

Liquid Capital founder Yi Lihua posted on platform X, stating: "Currently, the market is in a pullback within an upward channel on the daily chart, which does not yet indicate a trend reversal. However, this short-term false breakout is a typical trap for bulls. The key pullback level is at 82,000. If 82,000 holds, the pullback will end and continue to rise. If 82,000 cannot hold, we may face a larger-scale pullback."

"A few days ago, while observing the pullback, we made progress in one thing: not trying to earn speculative money, not trying to grab the last coin, and patiently waiting for new certainty opportunities. However, under the circumstances of a weak U.S. stock market, rising interest rates, and falling gold prices, the cryptocurrency market has relatively shown resilience, and I believe it is part of a normal rise and pullback."