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Yi Lihua: Bottom-fishing should not be fixated on the lowest point; the cycle window is key

BlockBeats news,September 21，Liquid Capital Founder Yi Lihua (JackYi) posted that he had repeatedly said before that 7-August was the last time to bottom-fish; the core is that from 1011 the third wave of decline since then is the final drop. No one can determine how far it will fall, as it is affected by factors such as black swan events, just as the FTX event caused BTC became severely oversold.

However, cyclical timing and volatility patterns will not be wrong. When the time comes, one should bottom-fish; never expect to buy at the lowest price. As for why statements are sometimes relatively vague, after all, no one can be accurate. It is like getting it right ten times and no one remembering, but getting it wrong once and it remaining on-chain forever; it is also like how even the most outrageous rumor can stimulate enthusiasm far more than the facts.

Original link https://m.theblockbeats.info/flash/368258