The weekly closing has shown the second occurrence of overbought line suppression on the ASR weekly channel this year. After all, this weekly line has formed a bearish engulfing pattern following a new high;

Although there may still be some rebounds or fluctuations in the new weekly line, the outlook from a weekly perspective is not optimistic;

If this bull market is to end, the weekly line needs to fall back into the consolidation channel, currently expected to be around 68000~72000;

Before this, the bull market is still ongoing;