The analysis focuses on Bitcoin's daily chart, noting its recovery from August lows and recent approach to a resistance area near 118k, a level watched for weeks. VRVP indicates a point of control at 118k. The current price is around 114971. Fibonacci resistance levels suggest a standard resistance area, with a potential move toward 118k-120k. A break above resistance is possible, even in a B wave, as an area to watch. The video considers the importance of liquidations between 118k and 120k. The low levels are identified as either wave A or wave 4. Near term, the resistance extension for next Fibonacci resistance is around 117670, but the chart does show a near term support between 113504 and 115000.