Yi Lihua: Bitcoin has ended its bear market trend and will remain bullish over the next two weeks.

Liquid Capital (formerly LD Capital) founder Yilihua stated in a post that after determining the end of the market rebound in May, his primary focus over the past two months has been one key point: the period from July to August could be the final bottom-fishing opportunity for Bitcoin in this cycle. With Bitcoin (BTC) surging past its 120-day and 200-day moving averages on the daily timeframe, and breaking above the 20-week moving average on the weekly timeframe, BTC’s bear market trend has officially concluded. He noted that the market will remain bullish over the next two weeks, but a pullback may occur after BTC rises to a certain level. The subsequent pullback will not exceed 50% of the prior rally’s magnitude; for investors using leverage, he recommends reducing long positions and referencing the weekly trend and pullback levels from Bitcoin’s 2023 bull cycle. Bitcoin has fallen from a peak of $126,000 to $57,000 in this cycle, with a maximum decline of around 56%. He believes this drop has formed the cycle’s low point, and it will be difficult for the market to see BTC prices starting with $50,000 again.