Willy Woo: Bitcoin enters a consolidation period, may need to be corrected and sideways before the next round of breakthroughs

According to BlockBeats, on July 31st, crypto analyst Willy Woo tweeted, "July marks the shift of Bitcoin from an upward trend to a consolidation phase. The high speculative sentiment and profit taking behavior are suppressing market momentum, indicating that Bitcoin may need a correction or a period of sideways consolidation before the next breakthrough attempt