The analyst in this video discusses macro and short-term analysis for BTCUSDT. The speaker emphasizes the 2-week downtrend on the RSI, considering it a key level, that a break out would signify bullish trend shift. Bitcoin has rallied to 116,000 and rejected, which the analyst believes is a key level to monitor. He then discussed the weekly chart from a macro perspective, stating the market has not technically entered a bear market, but has had lower highs and mentions specific conditions needing to happen to confirm macro bear movement, the 50-day EMA to lower band 200 moving average. If the market cannot break 116,000 soon, a further correction to 107,000-108,000 is very possible. There is an anticipation of rate cuts of 25 points. A major collapse will take place if the 50 EMA & channel are lost. A breakdown to 107000 to the low price of 98000 is a scenario expected in near future.