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

Odaily Planet Daily News Crypto analyst Willy Woo wrote 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 stage. Investor profit levels are high (SOPR), but buying is weak and speculative sentiment is heating up, which 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.