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Yi Lihua: Strong support levels for Bitcoin below are $75,000 and $71,000, with $57,000 as the bear market's "iron bottom"

BlockBeats news, October 26: Liquid Capital founder Yi Lihua stated in a post that over the past month he has repeatedly insisted on calling for a pullback. After Bitcoin lost the $82,000 and $80,000 support levels, it is now about to fall below $79,000. If it breaks below, the next strong support level is $75,000, and the next strong support level after that is $71,000.


However, regardless of this, Liquid Capital still believes that the previous $57,000 was the major bottom of this bear market, so the only question is when to buy the dip. There is no answer right now, and market conditions are always changing, but starting now, one can focus entirely on dip-buying opportunities.

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The cryptocurrency market has experienced intense volatility, with Bitcoin dropping 7% in a single day and trading volume significantly reducing. The Fear and Greed Index has entered the "Fear" zone, and a key technical support level is facing a test. The market is entering a consolidation phase, and investors need to be vigilant against short-term fluctuations and long-term risks.
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