Yi Lihua: This Bitcoin correction has not yet ended; the next support level is 79000 USD
BIBIBI
AT A GLANCE
Yi Lihua said that the Bitcoin correction may continue, with attention focused on 79000 USD and 75000 USD nearby.
Article
Yi Lihua: This Bitcoin correction has not yet ended; the next support level is 79000 USD
PANews October 9 news,Liquid Capital Founder Yi Lihua stated that Bitcoin has fallen below 82000 USD, and the next support level is 79000 USD. Given the pace of the decline over the past days, this correction has not yet ended. At present, the stronger inclination is for the price to fall below 79000 USD, at which point the market action near 75000 USD will be monitored further. Yi Lihua believes that the market remains in a bull-market trend and that the correction is a normal fluctuation within a bull market.
Yi Lihua said that Bitcoin has fallen below 82000 USD。
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Yi Lihua pointed out that the next support level is 79000 USD。
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Yi Lihua said that this correction has not yet ended and is inclined toward the price falling below 79000 USD。
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If it falls below 79000 USD, Yi Lihua said that the market action near 75000 USD will be monitored further.
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Yi Lihua believes that the market remains in a bull-market trend and that the correction is a normal fluctuation within a bull market.
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The relevant news was published by PANews on October 9.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
The view expressed in the article is that Bitcoin may continue to decline, with 79000 USD and 75000 USD being the price levels to monitor next; it also holds that the market remains in a bull-market trend.
Why it matters to readers
If the price continues to fall, 79000 USD and 75000 USD nearby may become areas of market attention; however, these assessments remain opinions expressed in the article.
“Support level” refers to a price level that traders monitor closely; “correction” refers to a decline in price during an upward trend.
Risks and unknowns
The article does not provide Bitcoin’s current price or its subsequent actual performance.
79000 USD and 75000 USD nearby have formed support has not yet been confirmed by subsequent price action.
“The market remains in a bull-market trend” is Yi Lihua’s assessment and does not represent a result that has been verified.
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