Yi Lihua: Altcoins have a comprehensive correction. There is no need to worry too much about a normal correction in a bull market

According to Liquid Capital co-founder Yi Lihua issued a public statement stating that the market has been warned many times recently or may face adjustments. The current bitcoin price is still above key support levels, but altcoins such as Ethereum have fallen across the board. He mentioned that a month ago, he predicted that Bitcoin might encounter a correction after rising to the US$86,000 range. In the bull market cycle, most periods will show a volatile situation, and only a few periods will see rapid pull-ups and regular corrections. Continuous rise is not the norm in a bull market. He emphasized that even if this correction is significant, it is still a phased adjustment in the course of a bull market, and advised investors not to operate frequently or deliberately chase short-term fluctuations.