Yi Lihua: Bitcoin needs to strongly break through $82,600 to usher in a second major upward wave; the current trend remains bullish.

BlockBeats news, November 5th: Liquid Capital founder Yi Lihua stated in a post that BTC has now broken through $80,300 and stabilized above the 20-day moving average. The next step requires a strong breakthrough above $82,600 to potentially usher in a second major upward wave and once again challenge the strong resistance level of $86,000. If it breaks through $86,000, subsequent target levels are seen at $97,000 and $104,000.

The previous pullback near $86,000 is a normal correction within a bull market trend, so even when expecting a pullback, he would not choose to short, because the market could rebound quickly at any time. He also said that he began bottom-fishing when BTC was near $77,000, but due to external factors affecting trade execution, he missed part of the rebound.