Yi Li Hua: It is expected that Bitcoin will rebound to $85,000, and another significant pullback will present the final buying opportunity

BlockBeats News, April 21st, Liquid Capital (formerly LD Capital) founder Daniel Yee shared that he has been observing a rebound rather than a reversal recently. The key question is where this rebound will reach. Initially, he expected 85 (equivalent to $850,000 for Bitcoin), but no one can precisely catch the bottom. The crucial point is to set your target based on your own expectations and risk management for profit-taking.

From a trading and cyclical perspective, there may be another significant retracement, which could be an excellent final opportunity to buy the dip. Currently, the triggering factors could be a pullback in the U.S. stock market from its historical highs, a general decline in risk assets, runaway oil prices, terrifying inflation data leading the Fed to consider abandoning rate cuts and even contemplating rate hikes. Stay optimistic for the medium to long term in investments but manage risks in the short term.