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Yilihua: BTC is expected to rally to around $82,600, and will first hit the resistance level before determining its direction.

46 minutes ago

Yilihua, founder of Liquid Capital, noted in a post that trading data is likely more credible. Bitcoin has triggered a pullback amid its 40-day rebound requirement, calculated from the correction that began on September 22. After touching the downtrend line at $75,700, it rebounded quickly. Next, it will move up to near the upper channel of $82,600, where a strong breakout could lead to another pullback. The U.S. factor will serve as the core influence on the market moving forward. In summary, this rebound will first reach the resistance level, after which a direction will be determined.

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