Analysis: There is a short-term buying opportunity for Bitcoin. If the current support level falls, the market may enter a surrender phase According to BlockBeats, on January 30th, CryptoQuant analyst MorenoDV focused on the aSOPR (Adjusted Spent Output Profit Ratio) indicator and analyzed the future of Bitcoin. He stated that since early 2024, although the price of Bitcoin has risen from around $40000 to over $100000, the adjusted SOPR indicator has presented a completely different picture: a clear pattern of lower highs and lows. This divergence reveals key information about investor behavior. Every time Bitcoin reaches a new price peak, holders are taking profits earlier and earlier, indicating that their belief in each upward trend is gradually weakening. MorenoDV states that the market is currently at a critical turning point. ASOPR consistently respects a descending channel. Every time the upper track of the channel is touched, it corresponds to a local price top, while touching the lower track corresponds to a local bottom. Currently, Bitcoin is testing the lower boundary of this downward channel in extreme fear, with approximately one-third of the total supply already in a state of floating losses. Historically, this condition (aSOPR below 1.0+significant unrealized losses) typically constitutes a tactical buying opportunity before a short-term rebound. However, the market is now at a crossroads. If the current support level falls and other technical indicators confirm bear market momentum, the market will enter a surrender phase.