JackYi says Bitcoin’s recent sideways movement and false breakout validate his pullback call
BIBIBI
AT A GLANCE
JackYi says Bitcoin has recently moved sideways and continues to believe that 86000 USD is a pullback level.
Article
Yi Lihua: Bitcoin has moved sideways over the past half month, even with a false breakout luring in buyers, but I have consistently maintained that a pullback is likely
BlockBeats news,October 8，Liquid Capital Founder JackYi posted that, “Over the past 1 months or so, we have continued to post 6 posts, repeatedly saying in advance that Bitcoin’s rise to 86000 USD would be a pullback level. Over the past half month, Bitcoin has moved sideways, with even a false breakout luring in buyers. We have consistently maintained that a pullback is likely. Since May accurately identified the end of the rebound, and since 7、August repeatedly said to buy the dip, our efforts have once again been validated. Investing and trading are difficult and can easily be falsified, but in the crypto sector, if you cannot operate projects and exchanges, then only by continuously improving and doing investing and trading better can you have an opportunity to earn returns.”
Original link https://m.theblockbeats.info/flash/370759
Key points
01
BlockBeats reported that October 8 Liquid Capital founder JackYi expressed related views.
02
JackYi said that over the past 1 months or so, he had continued to post warnings that Bitcoin’s rise to 86000 USD would be a pullback level.
03
JackYi said that Bitcoin moved sideways over the past half month, and even saw a false breakout luring in buyers.
04
JackYi said that since May identifying the end of the rebound,July and August repeatedly saying to buy the dip, his view had been validated.
05
JackYi believes that in the crypto sector, those who cannot operate projects and exchanges need to continuously improve their investing and trading capabilities.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This is an individual market view. JackYi believes that Bitcoin has not continued moving upward recently, but has instead moved within a range, and that a false breakout may have led people to mistakenly expect a rise; he still believes that the price may pull back. The report does not provide independent market data to verify these descriptions.
Why it matters to readers
This type of view may influence the market’s perception of Bitcoin’s short-term trend, but it primarily reflects an individual judgment and does not constitute a confirmed price fact.
“Pullback” generally refers to a temporary decline after a price rise; “sideways movement” refers to repeated fluctuations within a range over a period of time; “false breakout luring in buyers” refers to a brief breakout followed by a decline, which may prompt bullish traders to enter.
Risks and unknowns
The evidence does not provide independent market data, so it is impossible to confirm whether Bitcoin’s recent sideways movement, false breakout, or pullback actually occurred.
“The view was validated” is JackYi’s self-assessment, not independent confirmation.
The evidence does not state 86000 USD the subsequent outcome of the pullback-level judgment.
The evidence does not clearly state whether “Yi Lihua” in the title and “JackYi” in the body refer to the same person.
Related Developments
Loading event timeline…
Related concepts
pullback level
This term is not in the glossary yet. Browse related concepts in the glossary.
