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LD Capital founder Yi Lihua said on X that BTC is entering a clear downtrend across indicators on all time frames.
Yi said BTC had seen rebounds during the decline over the past few days, but with U.S. stocks falling and oil prices rising, Bitcoin has now dropped below the midline on the four-hour chart, or the 20-day moving average. Yi added that BTC has entered a clear downtrend on every time frame except the weekly chart, including the 15-minute, one-hour, four-hour and daily charts, and said the current correction still has a long way to go before it ends.