Yi Lihua said BTC if it falls below 79000 USD, attention should be paid to support at 75000 and 71000 USD
BIBIBI
AT A GLANCE
Yi Lihua said that if Bitcoin falls below 79000 USD, the next support may be at 75000 and 71000 USD，57000 USD is the bottom of the bear market.
Article
Yi Lihua: Strong support levels below Bitcoin 75000 and 71000 USD，57000 USD are the “iron floor” of the bear market
BlockBeats reports that October 26，Liquid Capital founder Yi Lihua posted that over the past 1 months, he has repeatedly insisted on calling for a pullback. After Bitcoin fell below 80000 2 and 80000 USD support levels, it is now about to fall below 70000 9 USD. If it breaks below this level, the next strong support level is at 70000 5 USD, and the following strong support level is at 70000 1 USD.
However, regardless,Liquid Capital still believes that the previous 50000 7 USD is the bottom of this bear market. Therefore, the only question is when to buy the dip. There is no answer at present; market conditions are always changing. However, from now on, one can focus wholeheartedly on opportunities to buy the dip.
Original link https://m.theblockbeats.info/flash/373639
Key points
01
October 26，Liquid Capital Founder Yi Lihua posted that after Bitcoin fell below 82000 USD and 80000 USD support levels, it is about to fall below 79000 USD。
02
Yi Lihua said that if it falls below 79000 USD, the next strong support level is at 75000 USD, and the following one is at 71000 USD。
03
Liquid Capital still believes that the previous 57000 USD is the bottom of this bear market, but said there is currently no answer as to when to buy the dip.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
“Support level” refers to a potential price level monitored by market participants; “buying the dip” refers to attempting to buy after a decline. The price levels in the article are Yi Lihua’s and Liquid Capital’s market assessments, not verified price outcomes.
Why it matters to readers
This view identifies several price levels that warrant attention regarding Bitcoin’s downside risk, but it cannot independently prove that the price will reach these levels.
Beginners should distinguish between “personal or institutional assessments” and actual market conditions, and should not treat statements about support levels or the bear-market bottom as certain predictions.
Risks and unknowns
The article provides no independent market data or technical basis for its support-level and bear-market-bottom assessments.
Whether Bitcoin falls below 79000 USD, and whether 75000 USD、71000 USD and 57000 USD form support, has not been confirmed by this evidence.
The article explicitly states that there is currently no answer as to when an opportunity to buy the dip will arise.
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Related concepts
Support level
An area where a price decline may stop or trigger a reaction.
