Willy Woo: Bitcoin signaling bullish swing

On-chain analyst Willy Woo outlined on X that Bitcoin is forming a bullish pattern. The analyst wrote that currently, demand and supply are showing a neutral/bearish tendency. However, he believes that if there are some liquidations, Bitcoin will move towards a bullish structure. Notwithstanding that, the analyst also warns that the asset could be impacted by a worsening macroeconomic situation. Woo outlined that there is a possibility that all markets will crash in the short term and then enter a recovery rally.