Yi Lihua: Still bearish but not shorting; if BTC loses $82,000, it may test the $71,000 support.

BlockBeats news, October 4 — Liquid Capital founder Yi Lihua stated that since closing long positions at $86,000 and turning bearish, the market has repeatedly lured bulls back in multiple times. He still insists on staying on the sidelines, not chasing the money from speculation and not trying to catch every opportunity. Missing out is always better than making a mistake. He maintains his previous view: looking for a pullback here but not shorting. If Bitcoin loses the $82,000 level, it could drop to three support levels at $79,000, $75,000, and $71,000.

There is also a possibility that Bitcoin ends with consolidation instead of a pullback. Either way, Liquid Capital will not act — neither going long nor shorting.