Golden Finance reported that cryptocurrency analyst Willy Woo posted on social media, "Short-term: The timing signal is a bullish volatility of 1-3 weeks. Medium-term: Since the halving in April, the supply and demand relationship has 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 historical high. Macro: Risk signals confirm the lower lows, BTC is not in a bear market, but waiting in a re-accumulation mode."