Liquid Capital founder remains bullish as Bitcoin enters 19-day correction

  • Yi Lihua said Bitcoin and the broader market remain in a bullish trend.
  • Bitcoin traded between $76,300 and $82,300 during an approximately 19-day adjustment.
  • Yi highlighted bullish activity in Robinhood’s on-chain market, ZEC-linked tokens and trading tokens.

Liquid Capital founder Yi Lihua said the market remains bullish as Bitcoin’s rally from Aug. 17 was followed by a roughly 19-day adjustment beginning Aug. 22. He characterized the move as a normal correction within an uptrend, with Bitcoin fluctuating across the $76,300-$82,300 range and facing resistance near $82,300. Yi said bull markets do not rise in a straight line, advising investors not to short during an uptrend and to monitor daily-chart corrections closely. He also pointed to localized bullish activity involving Robinhood’s on-chain market, ZEC-linked market-maker tokens and trading tokens, saying the broader signals resemble the eve of the 2020 aggressive bull market.

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