$BTC 7.16 Bitcoin price today: Currently, Bitcoin is at the tail end of an overall pump.

Since July 14th, we have clearly proposed two possible ending routes: one is the yellow route, where the market ends directly above 120,000; the other is the red route, which means the market will make a final fifth wave rise after a pullback in the 115,000~116,000 range, and then end near 130,000. The current structure is stuck between these two route choices.

Although I personally lean towards the red route, the possibility of the yellow route ending early cannot be completely ruled out at this time. If the yellow route is established, then the entire rise from 98,115 may have already completed, and what follows could directly initiate a large-scale downward structure, potentially even breaking below the 98,115 position.

Based on the analysis above, the current medium-term pump cycle is nearing its end, and the next medium-term cycle is a decline. However, it cannot yet be confirmed where the end point of this medium-term pump cycle is. Currently, I lean towards the red route, but it is still uncertain.