Yi Lihua: Bitcoin enters a correction phase after consecutive gains, with the market showing signs of a localized bull market.

JackYi noted that Bitcoin has rallied for five consecutive days since picking up momentum on August 17, entering a consolidation phase on August 22 with an expected adjustment window of roughly 19 days. He views this stage as a standard upward-sloping correction within the broader uptrend, covering a range of approximately $6,000 and facing overhead resistance near 823. He emphasized that bull markets rarely move in a straight line, market dynamics are constantly shifting, shorting during a bull phase is unadvisable, and traders should monitor daily-timeframe pullbacks. Beyond the macro landscape, recent on-chain metrics from the RH chain, alongside ZEC and exchange-traded tokens, have signaled localized bull runs, with the overall market setup approaching the buildup period of the 2020 super cycle.