TechFlow news, May 27 — According to a tweet by cryptocurrency analyst Willy Woo, although the overall Bitcoin trend remains bullish, potential bearish signals have emerged in the market. During Bitcoin's rise from $75,000 to $112,000, capital inflows over the past three days have been unusually flat, speculative sentiment has overheated, and investors hold substantial unrealized profits.
Woo noted that if buying pressure continues this week, Bitcoin could challenge $114,000 and trigger short squeezes; however, if it fails to reach new highs in the short term, long-term charts may form a bearish divergence, leading to another round of profit-taking.
Add to Favorites
Share to Social Media
