The analysis is based on key levels and candle closes. The speaker mentioned a 113500 level as the line in the sand. There was a breakout backtest. The speaker points to a double top in December and January. The consolidation structure broke higher and has been backtested. The speaker is watching for a weekly candle close. He mentions that the last week's candle closed over 115000. He sees what could be a haiken ashi candle. He points to the monthly candle to infer a bullish move. If the monthly candle prints bullishly the stats will change.