Yi Lihua: Short-term false breakout is a typical bull trap; the daily chart remains in an upward channel with no trend reversal yet.

BlockBeats news, September 29: Liquid Capital founder Yi Lihua stated that the current market is in a pullback within the daily uptrend channel, which does not yet count as a trend reversal. However, the short-term false breakout is a typical bull trap. The key pullback level is $82,000. If $82,000 holds, the pullback will end and the uptrend will continue. If $82,000 cannot hold, a larger-scale pullback may be faced.

When looking at the pullback a few days ago, Liquid Capital said it would not seek to earn money from speculation, would not chase the last copper coin, and would patiently wait for new certain opportunities.