The network reported that, according to CoinGlass data, as of press time, $58,018 is the level at which Bitcoin attracts the most liquidity, and its price is eroding the buy support level below $57,000.。In addition, from July 4 to 5, the total amount of Bitcoin long bursts exceeded 2.$200 million。Following the short experience over the weekend, trader Daan Crypto Trades noticed that some short positions were closed when Bitcoin reached a local high of $58,500.。Other analysts see encouraging signals from the daily time frame Bitcoin Relative Strength Index (RSI), including a bullish divergence.。Analyst Wolf said in a post on X: "My initial bearish target was 5.$20,000, but it looks like the bulls may be one step ahead of me。The daily RSI indicator has seen a clear bullish divergence, while the expanding wedge pattern has further increased investor interest。"