Yi Lihua: Bitcoin has strong support at the 400-day moving average of $81,000, and the current pullback is a phased correction within an uptrend.

BlockBeats news, October 13: Liquid Capital founder Yi Lihua stated that Bitcoin has a strong support level at the 400-day moving average of $81,000, and each time a pullback touches this level, it quickly rebounds. At the same time, there is resistance at the 20-day moving average of $84,000. If it breaks through quickly, it will need to retest the strong resistance level of $86,500, which is the $86,000 pullback point we have repeatedly observed.

Rises are not a straight line, and neither are declines. From the perspective of Bitcoin's major cycle trend, it is currently in a bull market uptrend, and next year I am especially bullish on a Bitcoin super bull market. The current phase is purely a periodic pullback within an uptrend, and the logic of being bearish but not shorting also stems from this.