Carving a Boat to Seek a Sword - A Comparison of Two Images
One is last year's weekly level opening big trumpet (March to October), then it retraced to confirm an upward breakout to $109,588.
One is this year's daily level opening big trumpet (May to July), currently the trend is waiting for confirmation; if it breaks upward, this wave will reach $130,877.
Personal insight, I am more optimistic about a downward breakout.
The price has run to the upper edge of the channel where the currency price is being suppressed (around $108,988) and then began to retrace, down to $96,800. If Bitcoin breaks below $96,800, then there will be a deeper retracement. The chart is drawn; how it will move is left for time to verify.