Li Hua Yi: BTC is in a bull market phase correction, with the 400-day moving average at $81,000 serving as strong support

JackYi (@Jackyi_ld) posted an analysis, stating that Bitcoin currently has strong support at the 400-day moving average at $81,000, and it has quickly rebounded each time it touches this level during a pullback; $84,000 serves as the resistance level for the 20-day moving average, and if it breaks through, it will test the strong resistance level at $86,500.

Currently, Bitcoin is in a downward trend on the 15-minute, 1-hour, 4-hour, and daily charts, but the larger cycle is still in a bullish uptrend. This stage is considered a phase pullback during an upward trend, so it is recommended to be patient and avoid frequent trading.