The analysis focuses on Bitcoin (BTCUSDT) using Elliott Wave Theory and Fibonacci retracements. The analyst identifies a completed 1-5 Elliott Wave corrective pattern. Expects an ABC correction wave, with the B wave already finding support in the Fibonacci golden pocket, around 107000. With the high probability, a 'C' wave is forming, and suggests upside targets between 116000 and 120000. The overall analysis indicates a potential rally, with a breakdown occurring below 94000-100000, leading to a bottom of 75000. Key levels for confirming the upside target is a downtrend test. The analyst also gives trading advice to buy now (110000) and placing a stop loss right above 109000.