Based on the chart, it appears that a cup and handle pattern is emerging on the weekly timeframe. Given the current overbought conditions in the market, I have a strong expectation of a significant correction in the second half of the year. I have a sense that we have reached a peak, as there is considerable resistance suggesting a sell signal. Based on my analysis, prices are likely to decline further as the handle forms, eventually leading to a breakout towards the end, signaling the start of a real bull run.
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