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BTC Resistance at $67,500: Yili Hua Warns of Limited Market Analysis

Guavy AI Editorial Team
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BTC
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Yili Hua, founder of Liquid Capital (formerly LD Capital), shared his views on Bitcoin's current market situation. According to him, the resistance level for BTC remains around $67,500.

Only a strong breakout can initiate a sustained rebound in the market, he stated. Despite this, Hua maintains his previous viewpoint of gradually bottom fishing in July and August while waiting for a new bull market cycle.

He also highlighted the importance of analyzing the market within a range and assessing bottom prices in a bottoming phase, stating that these are not particularly meaningful.

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