The analyst discusses Bitcoin's market, mentioning that it hasn't moved much since the previous day. There is a moderate recovery after reacting to Fibonacci resistance at the 78.60% level. They describe a rejection and a move downwards potentially marking the start of a C wave. Concerns about a possible bear market are addressed, noting that Elliot Wave analysis is a five wave pattern and that requirements are fullfilled. There are cycle indicators that suggest the top is not in place and a higher rally is possible. If Bitcoin breaks below the 55-week EMA, currently at $95,000, this would serve as a warning of an incoming bear market. To confirm the change a five wave move to 74K would signal the downtrend.