Yi Lihua Predicts Continued Bull Market; Current Correction Viewed as Normal Adjustment

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Yi Lihua views the current market as part of a bullish trend, describing the recent pullback as a normal correction. Bitcoin surged sharply starting August 17, followed by a 19-day consolidation phase between $76,300 and $82,300. He characterized this movement as a right-angle correction within an uptrend and cautioned against shorting during a bullish market. Yi also noted early indicators of a local bull market in Robinhood chain, ZEC, and trading tokens, drawing parallels to the 2020 bull run.

Huoxing Finance reports that on September 9, Yi Lihua, founder of Liquid Capital, stated that the current market trend remains bullish. Since the rally began on August 17, Bitcoin has risen for five consecutive days and entered a correction phase starting on August 22, lasting approximately 19 days. This correction is a normal right-upward adjustment within the uptrend, characterized by a wide oscillation range of $6,000 between $76,300 and $82,300, with resistance near $82,300. Yi Lihua noted that no bull market rises in a straight line—market conditions change constantly. He emphasized two key principles: do not short during a bull trend, and closely monitor daily-level corrections. Beyond the broader market, recent local bull markets have emerged on Robinhood’s chain, with ZEC as a pump-and-dump coin, and tradable tokens showing strength. All signs suggest that we are now resembling the eve of the explosive bull market of 2020.

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