The analysis indicates Bitcoin continues to follow a roadmap with a potential major top formation, although this isn't the preferred interpretation. The correction to the C wave is expected to reach $101.8K or $98.3K, corrections are typically 30%. The presenter mentions a three-wave corrective rally into resistance around $118K, which is a decision point. If the market breaks above resistance with a five-wave move, new highs are expected; failure to break resistance leads to a downside move. A five-wave move down may complete wave one, followed by a corrective bounce and a potential wave two before further decline. Supports at $100K-$101K, and potentially down to $96K. 21-week EMA at around $109K is being tested. A five-wave decline from resistance to support is observed. A corrective bounce is expected before further potential decline.