The Bitcoin market is at a critical moment. The A wave consolidation of the current cycle has completed a 3-3-5 structure, which usually indicates that a rebound will soon occur near the resistance level, starting the B wave market.

Currently, the strongest resistance level the market faces is around 115000. Breaking through this point will be a key signal for the continuation of the bull market, but if it fails to break through, it may trigger a new round of decline, forming the zigzag pattern anticipated by a few analysts.

For the upcoming Wave B, the mainstream opinion suggests a 70% probability of forming a triangular structure, known as the 'triple top' pattern. This formation typically indicates that the market is seeking direction, and investors should closely monitor the position and strength of each top.

Another possibility is a sawtooth wave with a 30% probability of occurring. In this case, we might see a period of consolidation in August, followed by a drop back down to around 105000 at the end of the month, after which the real B wave rebound would begin. The premise of this scenario is that the price encounters resistance near the 110000 resistance level, fails to break through 115000, and then continues to decline or forms a new composite wave pattern.

In any case, investors need to remain vigilant and closely monitor the breakthroughs and pullbacks of key price levels. Technical analysis provides valuable insights, but the market is always full of uncertainties, and a reasonable risk management strategy is equally important. In this market filled with opportunities and challenges, it is crucial to stay calm and rational.