Short-term we might see regression back to 550 a re-test of that level. Thats important to watch because if that support is broken to the downsite we will see a new low around 450. Than I have to reconsider my strategy. From that point Bitcoin will go up again to get ready for the new t rally unfortunately this will take a few more months.
But for now think a big rally in August is nog out of the question at all!
Good luck guys!
In my opinion, it sometimes happens that spikes are a part of the pattern.