At the close of the weekly chart, the ASR weekly channel has seen the second overbought line pressure this year, and the current weekly chart shows a bearish engulfing pattern after breaking a new high.
Although the next weekly candle may show some rebound or fluctuation, the overall trend from the weekly chart is not optimistic.
If this bull market is to end, the weekly chart needs to fall back into the consolidation channel, with the expected target range between 68000 and 72000.
Before that, the bull market still has the potential to continue.
