$BTC 7.16 Bitcoin price today: Currently, Bitcoin is in the final stage of the overall rising market.

Since July 14th, we have clearly proposed two possible ending routes: one is the yellow route, where the market directly ends above 120,000; the other is the red route, which means the market will pull back to the range of 115,000~116,000 before making the final fifth wave pump, hitting around 130,000 before ending. Currently, the 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 starting 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.

In summary, this round of medium-term pump cycle is nearing its end, and the next medium-term cycle is a decline. However, it is still not possible to confirm where the end point of this round of medium-term pump cycle is. Currently, I lean towards a bullish outlook, but it cannot be confirmed yet.