Huo Xing Cai Jing reports that on October 26, Yi Lihua, founder of Liquid Capital, posted that he had consistently warned of a correction over the past month. After Bitcoin fell below the key support levels at $82,000 and $80,000, it is now approaching a break below $79,000. If this occurs, the next strong support level is at $75,000, followed by another at $71,000. However, regardless of short-term movements, Liquid Capital still believes that the previous low of $57,000 marked the bottom of this bear market. The only remaining question is when to enter—there is no definitive answer yet, as market conditions are always changing—but from now on, one can fully focus on identifying bottom-fishing opportunities.
Yi Lihua Identifies Key Bitcoin Support Levels at $75,000 and $71,000
MarsBitShare
Summary
Yi Lihua highlighted key Bitcoin support levels at $75,000 and $71,000, according to MarsBit on October 26. The founder of Liquid Capital noted that after breaking below $82,000 and $80,000, the next support level is at $79,000, followed by the two key support levels. He added that $57,000 remains the bear market bottom. Traders are now watching for signs of a shift in support and resistance levels.
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