Technical analysis by GhostBustR about Symbol BTC on 8/3/2025

After all of the ups and downs over the past few days, I zoom out to a higher time frame to get a grasp of what's really happening. With three hours or so left in the day it looks most likely that the formation of a new range is in the works. I'm looking for two options over the next few hours, one being that it gets right back into the previous range and is all just a wick on the weekly chart which caused three days of panic for absolutely no reason. This would probably be hilarious but also the less likely outcome!