On August 5, 2025, we conducted an in-depth analysis of the daily chart for Bitcoin. From the chart, it can be seen that Bitcoin started around 74,460 and climbed to 123,264, completing three segments of movement. Considering that this stage has lasted for a longer duration, we do not currently view the third segment as a driving force for the upward attack.

On the contrary, we tend to believe that the current position is forming a terminal wedge structure. This judgment is based on the fact that the internal structure of the wedge usually presents a 3-3-3-3-3 pattern. However, it should be noted that the cryptocurrency market is influenced by various unpredictable factors, and the actual trend may deviate from the ideal model.

When it is difficult to clearly judge using wave theory, various technical indicators can also provide valuable reference information. Given the relatively slow development of the current market situation, we recommend paying more attention to various indicators in future analyses to gain a more comprehensive understanding of the market.

It is worth mentioning that although technical analysis provides us with important decision-making basis, investors still need to act cautiously and fully recognize the high-risk characteristics of the cryptocurrency market. Continuously monitoring market trends and adjusting strategies in a timely manner is essential to seize opportunities in this ever-changing field.