According to BlockBeats, on July 23, cryptocurrency analyst Willy Woo analyzed five market indicators, three of which were bullish and two were bearish.

Bullish indicators include the end of miner capitulation, recovery of hashrate, and expansion of global liquidity.

Bearish indicators include an increase in the amount of spot currency held on trading platforms and the upcoming launch of an Ethereum spot ETF.

Woo believes that the current game between bulls and bears is fierce, but bullish factors prevail. The short-term goal of BTC is to break through 73k and squeeze to 77k.