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

PANews reported on May 27 that crypto analyst Willy Woo tweeted that although the overall long-term structure is still on the side, there is currently a bearish turning signal in Bitcoin. Its Bitcoin vector model shows that online capital inflows have been extremely flat over the past three days, with an anomaly of a 75K to 112K upswing. Investors have high profit levels (SOPR), but weak buying and increased speculation may trigger a "fear when you are greedy" reversal. If there is no follow-up of buying after the resumption of the U.S. market, it may trigger a bearish divergence on the long-term chart. The next key level is $114,000.

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