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Yi Lihua: Expecting a pullback, but shorting should not be undertaken in a bull-market trend

BlockBeats news,September 24,Liquid Capital founder Yi Lihua (JackYi) stated in a post that 20 days ago, he had judged that BTC would rise to 86,000 USD where it would face substantial resistance and could see a phase-specific pullback; he therefore believed that closing long positions near 86,000 USD was a good choice.

JackYi stated that although he expects a pullback, shorting should not be undertaken in a bull-market trend, and opportunities to go long should continue to be sought. He believes a bull market will not rise in a straight line; each pullback may provide an opportunity to re-enter. At the same time, traders need not pursue "the last penny" and should stop losses promptly and manage risk effectively.

Original link https://m.theblockbeats.info/flash/368767