Yi Lihua: No short-term bottom-fishing for now, market concerns over Jensen Huang incident to continue impacting US stocks

November 14: Liquid Capital founder Yi Lihua stated in a post that the crypto market continued to decline on Saturday, mainly affected by the Jensen Huang incident, with market expectations for the subsequent trend of US stocks turning pessimistic, believing that a further 30% drop in US stocks is not impossible. Before the situation becomes clear, it is not advisable to easily judge that the market has bottomed out.

Previously, he listed $79,000, $75,000, and $71,000 after Bitcoin's $86,000 pullback as three key support levels, and entered on the right side near $77,000 to buy the dip. At that time, from Bitcoin's own structure, the market had a relatively large rebound opportunity.

However, as US stocks plunged, he chose to take profits and exit in a timely manner, retaining only a small portion of spot positions to avoid being passively trapped.

Yi Lihua believes that the current trend of the crypto market is highly dependent on the performance of US stocks. Given that he holds a pessimistic attitude toward the subsequent development of the Jensen Huang incident and the outlook for US stocks, at this stage he will no longer consider buying the dip in the short term and will wait for the US stock situation to become clearer.