Yuriy Bishko: Bitcoin Short-Term Correction Expected, Plans to Take Profits Near $86,000

BlockBeats News, August 28th, Liquid Capital founder Lihua Yi stated that Bitcoin has not yet broken through the key resistance near $81,000. He expects a minor pullback in the next few days, followed by a continuation of the uptrend leading to a breakthrough above this level. The next key resistance to watch is around $86,000.

He plans to close his long position when Bitcoin approaches $86,000, as he anticipates a significant pullback from that level. However, he still believes that the bullish trend is intact. Even if the price faces downward pressure in the short term upon entering the resistance zone, he will only consider closing his long position and not open any short positions.