Willy Woo: From a macro perspective, Bitcoin is not in a bear market, but is dormant in a re-accumulation mode

Willy Woo, a cryptocurrency analyst, wrote on X: "Short-term: The timing signal is a bullish volatility of 1-3 weeks. Medium-term: Since the halving in April, supply and demand have been bearish, but a reversal pattern may have begun to appear in the past 4 weeks (not yet confirmed), and it will take more time for Bitcoin to break through the all-time high. Macro: Risk signals confirm lower lows. Bitcoin is not in a bear market, but is waiting in a re-accumulation mode. Traditional financial risks: Bond interest rates are falling, which may be a bad sign to avoid potential collapses. Past examples include the 2020 epidemic and the 2008 world financial crisis. In past cases, this will lead to a crash before a long-term liquidity-driven rebound in all asset classes."