$BTC As we speak, it is unlikely that the monthly low (and high) holds.

100% of months in the past 2 years have seen a larger wick below the monthly candle than this one. This is why a candle going straight up from its open, is often a reason to be cautious later on.

With that, looking at the time and distance that the current high and low were set, it is expected to see further expansion of this monthly candle (in either direction).

So keep an eye out for these levels. Especially as its also the yearly open and candle which just started.

Personally I'd prefer it more if we took out those lows to get all these warnings out of the way so price can start finding a floor later on. Otherwise you just risk reversing later on anyways.