Yi Li Hua: Bitcoin Needs to Strongly Break $68,000 to Confirm Reversal, Otherwise Will Test Lows Again
BlockBeats News, July 7th, Liquid Capital (formerly LD Capital) founder, Eric Meltzer, stated, "The (Bitcoin) weekly chart is still in a downtrend. Only a strong breakthrough above $68,000 would indicate a good reversal. If this level cannot be breached, we may revisit the bottom. Let's hope we don't experience a disastrous break below $47,000."
"In any case, in the coming months, we are fully prepared to buy the dip. When others panic, it's time to be greedy. In addition to mainstream coins, we are also looking for the next 100x coin of the bull market. In the last round, our investment in Render, which we bought during a dip, saw a peak increase of nearly 180 times. Although most coins are garbage, there are certainly very few great opportunities. Firstly, they must have experienced a drop of over 95% driven by the market. Secondly, the founding team must be strong, the direction must align with trends and essential needs such as AI, financial stability is crucial, ideally profitable. If there are projects like this, they are worth recommending."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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