Yi Lihua says Bitcoin's correction is not over and advises against frequent trading
BIBIBI
AT A GLANCE
Yi Lihua says Bitcoin's correction may not yet be over, advising patience and adherence to trading principles.
Article
⚡️Yi Lihua: Bitcoin's correction is not over; do not try to participate in the market at all times
According to BlockBeats,October 13，Liquid Capital Liquid Capital founder Yi Lihua stated that although Bitcoin rebounded during its decline over the past few days, as U.S. equities weakened and oil prices rose,BTC 4 the hourly chart has fallen below the midline, namely the 20 period moving average. At present, apart from the weekly chart, Bitcoin's 15 minute, 1 hour, 4 hour, and daily timeframes all show weakness, and the correction may not yet be over.
Yi Lihua stated that when Bitcoin previously corrected from around 86,000 USD, it fluctuated repeatedly and attempted to break through the strong resistance level at 87,000 USD, which at one point caused him concern; during the correction, a brief break above the key level at 84,000 USD could likewise easily trigger emotional volatility.
Trading requires patience. Do not try to participate in the market at all times. Compared with missing an opportunity, making an incorrect trade carries a greater cost. Investors should adhere to their trading principles and avoid being disrupted by short-term fluctuations.
Original link https://m.theblockbeats.info/flash/371445
Key points
01
BlockBeats reported on October 13, that Liquid Capital Liquid Capital founder Yi Lihua stated that Bitcoin rebounded during its decline over the past few days.
02
Yi Lihua stated that, as U.S. equities weakened and oil prices rose, Bitcoin's 4 hourly chart has fallen below the midline, namely the 20 period moving average.
03
Apart from the weekly chart, Bitcoin's 15 minute, 1 hour, 4 hour, and daily timeframes all show weakness.
04
Yi Lihua stated that when Bitcoin corrected from around 86,000 USD, it fluctuated repeatedly and attempted to break through the strong resistance level at 87,000 USD.
05
Yi Lihua advised traders to remain patient, not try to participate in the market at all times, and avoid being disrupted by short-term fluctuations.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This is a restatement of Yi Lihua's view. Based on technical performance across multiple timeframes, as well as changes in U.S. equities and oil prices, he judges that Bitcoin's correction may not yet be over and advises investors to reduce the influence of short-term fluctuations.
Why it matters to readers
If this assessment proves correct, Bitcoin may still face short-term volatility or downward pressure; however, the original text presents an analytical view, not a confirmed market outcome.
Beginners can understand a “correction” as a temporary price decline after a rise or period of volatility, and a “20 period moving average” as an average reference line for recent prices. The text emphasizes not trading frequently because of short-term fluctuations.
Risks and unknowns
“The correction may not yet be over” is Yi Lihua's assessment; the evidence does not establish that this prediction has already materialized.
The evidence does not provide a verified causal relationship between weaker U.S. equities, rising oil prices, and Bitcoin's price movements.
The evidence does not indicate whether Bitcoin will subsequently move back above the 20 period moving average or recover the 84,000 to 87,000 USD range.
The content is relayed by BlockBeats; the original view and its subsequent outcome still require further verification.
Related Developments
Loading event timeline…
Related concepts
pullback
This term is not in the glossary yet. Browse related concepts in the glossary.
