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Jack Yi, founder of crypto-focused investment firm LD Capital, said on X that the market is currently in a pullback phase within a daily uptrend channel and is not yet at a stage that would signal a trend reversal. Yi added that the recent short-term false breakout was a typical bull trap.
Yi said $82,000 is the key correction level. If BTC holds that level, the pullback may end and the uptrend may resume, but if support fails, a larger correction could follow. Yi added that investors should stay patient until new opportunities are confirmed rather than chasing the last stretch of gains.