Cryptocurrency analyst Willy Woo said in a social media post, "Short term: timing signals 1-3 weeks of bullish volatility. Mid-term: Since the April halving, supply and demand have been bearish, but a reversal pattern may have started over the past four weeks (not yet confirmed), and it will take more time for Bitcoin to break through all-time highs. Macro: The red flag confirms lower lows, BTC is not in a bear market, but waiting in a re-accumulation pattern. "