Yi Li Hua: Bitcoin Needs to Strongly Break Above $68,000 to Confirm Reversal, or Else Will Retest Lows

BlockBeats News, July 7th, Liquid Capital (formerly LD Capital) founder Li Xiaohua stated, "The current weekly chart of (Bitcoin) is still in a downtrend. Only a strong breakthrough above $68,000 would indicate a good reversal. If we can't break through, we will test the bottom again, hoping not to see a disastrous drop below $47,000."

"In any case, in the coming months, we will be fully prepared to buy the dip and be greedy when others are fearful. In addition to mainstream coins, we are also looking for the next 100x coin of this bull market cycle. In the previous cycle, our investment bottom pick Render saw a peak increase of nearly 180 times. Although most coins are garbage, there are definitely a few great opportunities. Firstly, they have experienced a drop of over 95% due to the market trend. Secondly, the founder is actively involved, the project aligns with trends and essential needs such as AI, has solid finances, and ideally is profitable."