TechFlow news — On September 12, crypto analyst Willy Woo stated that in the short term, Bitcoin may show bullish momentum over the next 1 to 3 weeks. For the medium term, since the April halving event, supply and demand dynamics have exhibited bearish characteristics. However, Woo observed a potential reversal pattern emerging over the past four weeks, though he emphasized this trend has not yet been confirmed, and reaching new all-time highs will still take time.
On the macro front, Woo noted that risk indicators continue hitting new lows. He stressed that Bitcoin is currently not in a bear market but undergoing a re-accumulation phase. Woo also highlighted potential risks in traditional financial markets. He pointed out that declining bond yields could signal an impending market collapse, similar to conditions seen before the 2020 pandemic crisis and the 2008 financial crisis. Historically, such scenarios typically lead to a market crash first, followed by long-term asset appreciation driven by massive liquidity injections.
