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Yi Lihua: Patiently wait for the best bottom-fishing opportunity; remains bullish on high-quality AI stocks and crypto assets

BlockBeats reported that October 30,Liquid Capital founder Yi Lihua wrote that the trading process is not easy. When he previously maintained a bullish view, the market underwent multiple pullbacks; after the price rose to 86,000 USD he maintained a pullback view, during which there were also multiple rebounds, even reaching 87,000 USD. Over the past 1 months, the price repeatedly fell back to 80,000 to 81,000 USD before quickly rebounding to 84,000 USD a key level.

He emphasized that neither rises nor pullbacks move in a straight line. Rather than constantly thinking about trading, one should adhere to “expect pullbacks, do not short” and patiently wait for the best bottom-fishing opportunity. He also stated that he founded and manages funds with different mandates, focusing respectively on crypto investment, crypto trading, and AI technology. Among them, crypto trading is the most difficult—“a practice against human nature.” He raised the question of whether investors can still have the confidence to buy the dip in the face of the coming extreme fear.

Regarding the market outlook, he regards what he describes as Buffett’s position in Google and Duan Yongping’s position in Pop Mart being underwater as temporary phenomena, and believes that AI will continue to create miracles, monetary expansion will not stop, and high-quality AI stocks and crypto assets remain trend directions he is bullish on.

Original link https://m.theblockbeats.info/flash/374723