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The weekly chart has indeed accurately pulled back to the high point of May. From a technical perspective, BTC has undergone a very healthy pullback.
But from the perspective of the ASR weekly channel, there is actually already more than a 50% probability of following the citation path three possibility...
If the next weekly candle can close as an engulfing bullish candle, then everything will be easy, and the endpoint of this bull trend can still reach the overbought line (140,000) waiting!
But if it starts to oscillate continuously next,