Yili Hua says Bitcoin's short-term false breakout is a bull trap, 82000 USD is key support
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AT A GLANCE
Yi Lihua said that the market remains in a daily-chart uptrend channel, 82000 USD is a key pullback level.
Article
⚡️Yili Hua: The short-term false breakout is a typical bull trap; the daily chart remains in an ascending channel, with no trend reversal yet
BlockBeats news,September 29，Liquid Capital founder Yili Hua said that the current market is undergoing a pullback within a daily ascending channel, which does not yet constitute a trend reversal. However, this type of short-term false breakout is a typical bull trap. The key pullback level is at 80000 2 USD; if 80000 2 USD holds, the pullback will end and the uptrend will continue; if 80000 2 USD fails to hold, the market may face a larger-scale pullback.
When looking at the pullback a few days ago,Liquid Capital said that he would not try to make money from speculation or try to capture the very last penny, but would patiently wait for new opportunities with greater certainty.
Original link https://m.theblockbeats.info/flash/369619
Key points
01
September 29，Liquid Capital Yili Hua, founder, said that the current market is undergoing a pullback within a daily ascending channel, which does not yet constitute a trend reversal.
02
Yilihua believes that the short-term false breakout is a typical bull trap.
03
If 82000 USD If it holds, the pullback may be over and the uptrend may continue; if it fails to hold, a larger-scale pullback may lie ahead.
04
Liquid Capital Previously stated that they would not participate in trading the pullback and would wait for a new opportunity with greater certainty.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This content presents a view on market trends: a further pullback may occur in the short term, but whether the overall uptrend changes depends on whether 82000 USD this level can hold.
Why it matters to readers
82000 USD was put forward as a key level to watch, and subsequent price action may affect the assessment of whether the pullback has ended.
Beginners may understand a “key level” as a price level closely watched by market participants, but should not treat a view as a certain outcome.
Risks and unknowns
“Bull trap,” an uptrend channel, and whether the trend has reversed are all views that have not yet been verified by subsequent movements.
The evidence does not specify the particular asset corresponding to the market movements.
Unable to confirm 82000 USD whether the support is effective.
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Related concepts
False Breakout
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