Yi Lihua: Bitcoin's current pullback is a phased correction within an uptrend, with strong support at the 400-day moving average around $81,000.

PANews October 13 news: Liquid Capital founder Yi Lihua posted on the X platform that Bitcoin has strong support formed by the 400-day moving average near $81,000, and that previous pullbacks that touched this level were all followed by rapid rebounds; above, $84,000 is the resistance level of the 20-day moving average. If the price breaks through quickly, then the strong resistance level at $86,500 will need to be retested, which is also the $86,000 pullback point he has repeatedly mentioned.

Yi Lihua pointed out that neither rises nor falls move in a straight line. From a major-cycle perspective, Bitcoin is still in a bull market uptrend, and he is especially bullish on next year's super bull market. The current segment is a phased pullback within the uptrend, and this is precisely the logic behind his "bearish but not shorting" stance.