Yili Hua: The Republican Party may lose both chambers, the U.S. stock market may correct, and Bitcoin is relatively resilient

Liquid Capital founder Yi Lihua stated that the Republican Party is likely to lose both chambers, and the key state of Texas is also in jeopardy. He believes that under these circumstances, the U.S. stock market will continue to pull back.

Yi Lihua mentioned that Bitcoin originally had a rebound demand during the 40-day pullback period, but with the Binance black swan event and Trump's loss in the midterms, Bitcoin has not yet reached the optimal position for a pullback. Compared to the U.S. stock market, Bitcoin, which is in a bullish trend, remains quite strong, especially under all the negative external factors.