Currently, the Bitcoin market seems to be in the second wave of pullback. According to Technical Analysis, the low point of this pullback may fluctuate between $113,300 and $114,800, though it could also break through the support level of $115,000. It is worth noting that based on historical data's 1:1 time projection, this pullback low point may occur around 4 AM on July 30.

Subsequently, we may welcome the third wave of increase. Conservatively estimated, the peak of the third wave could reach between $125,600 and $127,100. However, if the low point of the second wave pullback ultimately settles at $115,300, then the peak of the third wave could be higher, around $128,000.

This wave theory analysis provides investors with a reference framework, but the market is always full of uncertainty. Investors need to consider other factors when making decisions, such as the macroeconomic environment, changes in regulatory policies, and so on. Moreover, closely monitoring market trends and adjusting strategies in a timely manner is also a wise move. In any case, in the highly volatile market of cryptocurrency, risk management should always be the primary consideration.