The video analyzes Bitcoin's daily chart and CPI forecast. The price broke out of its price channel a few days ago, and momentum has been upward, moving towards the $115,425 to $120,405 resistance area. It suggests a decision zone, with possible B-wave corrective rally, then a C-wave down to $96k-$90k. Alternatively, if Bitcoin breaks resistance with a five-wave move, it could directly reach $130k+. A key question is whether it goes higher directly or sees a larger correction. CPI forecast is 0.3% month-over-month and 2.9% year-over-year. If the CPI comes out lower, this may lead to rate reductions from FED. On the 30m chart, there is Elliot Wave triangle on the 9th of September, potentially forming a wave 2, therefore, the prices will target 116328 as third wave.