The analysis focuses on Bitcoin's price prediction using Elliott Wave analysis. Intraday, a potential impulse towards the downside was observed, followed by invalidation at 110k. The presenter noted that the crypto market is complex. The presenter suggests potential for a three-wave structure. Key levels include 116k. Lower timeframes indicate impulsiveness moving downward, questioning if this unfolding. The presenter talks about the trend starting downwards. The expected target is around 70k with a failure if price reach 126233