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Yi Li Hua: It is expected that Bitcoin can rebound to $85k, and any further major correction will be the last chance to buy the dip.
ChainCatcher News, Liquid Capital (formerly LD Capital) founder Yi Lihua stated that he has been watching for rebounds rather than reversals recently, so where the rebound hits is key. Originally, he expected it to be around $85k, but no one can pinpoint the exact timing. The key is to base it on your own expectations and risk management for taking profits.
From a trading and cycle perspective, there may be one more major correction, which could also be an excellent last chance to bottom fish. Currently, the triggering factors might be the U.S. stock market pulling back from its all-time highs, a decline across risk assets, and oil prices going out of control. Terrifying inflation data has led the Federal Reserve to abandon rate cuts and even consider rate hikes. While being optimistic about medium- to long-term investments, manage risks in the short term.