Willy Woo: Bitcoin is facing short-term bearish reversal risks, and we need to be wary of speculative 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 rally phase. Investor profit levels are high (SOPR), but weak buying and speculation are heating up, which could 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.