According to TechFlow, on September 12, crypto analyst Willy Woo wrote that in the short term, Bitcoin may show a bullish trend in the next 1 to 3 weeks. In the medium term, since the halving event in April, demand and supply have shown bearish characteristics. However, Woo observed that a reversal pattern may appear in the past 4 weeks, but emphasized that this trend has not been confirmed and it will take some time to break through the historical high.

At the macro level, Woo pointed out that risk signals continue to hit new lows. He emphasized that Bitcoin is not in a bear market at present, but is experiencing a re-accumulation phase. Woo also paid attention to the potential risks in traditional financial markets. He pointed out that the decline in bond interest rates may indicate that the market is at risk of collapse, similar to the situation before the 2020 COVID-19 pandemic and the 2008 financial crisis. According to historical experience, this situation often leads to a market collapse first, followed by a long-term rise in various assets due to large-scale liquidity injections.