Willy Woo: Bitcoin faces the risk of a bearish turn in the short term, and we need to be wary of overheated speculation

PANews reported on May 27 that crypto analyst Willy Woo tweeted that although the overall long-term structure is still bullish, Bitcoin currently has bearish turning signals. Its Bitcoin vector model shows that network capital inflows have been extremely flat over the past three days, abnormal from the 75K to 112K rising phase. Investor profit levels are high (SOPR), but weak buying and rising speculative sentiment may trigger a reversal of "greed should be fearful". If there is no follow-up buying after the US market resumes, it may trigger a bearish divergence on the long-term chart. The next key level is $114,000.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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