According to Odaily Planet Daily, despite the volatility of BTC prices and a five-month low, several key indicators suggest that bulls may still have the upper hand. The market pullback was mainly due to concerns about a market sell-off due to Mt.Gox's continued repayment of more than 140,000 BTC to its customers and the German government's BTC liquidation, but the selling pressure is weakening. In addition, two classic technical indicators support a bullish reversal scenario. Bitcoin BTC formed a bullish hammer line pattern on July 5, and the daily RSI reading hovered around the oversold threshold of 30. Wall Street is betting on an increased probability of a September rate cut. According to CME data, as of July 7, Wall Street traders believe that the probability of a 25 basis point rate cut by the Federal Reserve is 72%. Bitcoin ETF investors returned after the July decline, and the inflow of funds to US spot Bitcoin ETFs resumed. The US money supply is expanding again, and the capitulation of Bitcoin miners suggests that the BTC price has bottomed out.