The analyst presents an Elliott Wave analysis for Bitcoin, BTCUSD, on a 2-hour timeframe. Two potential wave scenarios are outlined for a possible wave 1: the first involves an impulse downward with multiple 1-2 sequences targeting 100272. The second is a zigzag pattern, suggesting a leading diagonal to the same target, around 100k. In the former scenario, after wave one is done, a rebound towards 110259 may happen and then more drop would happen. The price action is described as corrective after several sideways ranges. A triangle pattern is proposed, and if validated expect more downtrend. If the price breaks the one-to-one fib level this could become something bullish. On the daily timeframe is expecting an expanding flat ABC targeting 70k. Overall for the BTCUSD pair the prediction is bearish in the short term and long term.