It looks like a spinning top is forming on the 1-day chart with a strong candle shadow, indicating the potential for a trend reversal towards the downside, possibly to 62k or even 60k. At the same time, indicators on the same timeframe are frequently showing overvaluation, increasing the chances of a reversal.

However, make sure to conduct your own analysis before trading. Also, feel free to share this with your fellow traders who are interested in understanding the market.

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