The video analyzes the BTCUSD chart using count sell signals, indicating a bearish trend. It notes that a seven and eight count sell signal was present, and a 17% sell-off occurred. The analysis looks at past count signals and price movements, noting instances where sell signals were followed by downward price action. No buy signals are identified. The analysis indicates that the current price is 112156.87, after a 17% drop from around 126304.60, targeting a low of 104832.07 with failure bound at 126304.60 if price reaches.