The analyst discusses Bitcoin, emphasizing the importance of the weekly candle close and levels to watch. The key upside level for Bitcoin is $118,000, identified as the POC on the visible range volume profile since 2017. This level aligns with a yellow trend line originating from 2017, where Bitcoin has experienced rejections. Downside support is identified between $107,000 and $109,000, noting that $109,000 corresponds to the Bitcoin bull market support band, a critical cyclical indicator. The bull market support band, comprised of the 20-week SMA and the 21-week EMA, has acted as a bounce zone but the importance the analyst emphasizes that Bitcoin maintains above $107,000 for a positive weekly candle close. The target of this is the $118,000 and anything bellow $107,000 invalidated this analysis and breaks the cycle.