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LD Capital founder Jack Yi said BTC is likely to face strong resistance near $86,000 and advised closing long positions around that level to take profit.
Yi said he had presented the same view 20 days ago. He added that he still expects a bull market despite a short-term correction and is not considering entering short positions. In a bull market, prices do not rise in a straight line, Yi said, adding that each pullback can present a new buying opportunity and that appropriate stop-loss levels and risk management remain important.