The analysis focuses on Bitcoin, noting a bounce towards the 100% extension target at $110,187.37. The speaker mentions approaching this target near the weekly candle close. Weekend rallies are considered less trustworthy due to lower volume. The move downwards began around $126,400, and the downside can still extend, though breaking above $109,740 and $110,187 would suggest upside pressure. There is a three-wave move up, encountering resistance. Rejection is possible, continuing downwards, requiring a break below $106,200. Local upward pressure and an unfinished C wave suggest pushes higher are possible, especially if resistance at $109,740 and $110,187 are broken. Long term bull market indicators need weekly candle to close above 21 week EMA(111K). A pullback to 98.5K would be a strong support level.