Bitcoin analyst Willy Woo said that the cumulative trading volume increment (CVD) of Bitcoin has reached its peak for selling and will enter an upward phase, but it will still take several weeks for an appropriate bullish environment. On the one hand, the Bitcoin halving is coming soon, and on the other hand, the longer the time Bitcoin consolidates near its historical high price, the more coins will be transferred among investors. Once it breaks through, it will form long-term support. If it is settled at a lower price and falls below the support level of $59,000, a bear market may come.