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The weekly candle has closed.
There are still a few days until the monthly candle closes.
Currently, the monthly MA62 is around 57,000.
After the monthly candle closes, the monthly MA62 is expected to rise moderately.
Currently, on the daily timeframe, BTC and ETH both show some divergence.
Indicators are oscillating in a low-range consolidation.
As mentioned yesterday, there is very little liquidation below 58,000.
This is compounded by the support from the monthly MA62.
There is also potential divergence on the daily chart.
At present, we still believe that
the probability of a local bottom at this stage is very high.