LD Capital founder says crypto market resembles pre-rally conditions seen in 2020

LD Capital founder Jack Yi said on X that the current crypto market resembles conditions seen just before the explosive 2020 bull run. Yi said BTC rose for five straight days starting on Aug. 17 last month and then moved sideways for 19 days, describing the stretch as a typical correction within an uptrend. In a bull market, Yi added, investors should avoid short positions and closely watch volatility on the daily chart.