The video analyzes Bitcoin (BTCUSDT), noting it had a slow day but started a move up. The price pushed a little higher but remains stuck between the 50% and 61.8% retracement levels, specifically between $113,460 and $115,927. The analyst believes Bitcoin is struggling to break above previous swing highs. A push higher is expected to target $119,530, but there's a key level in between at around $117,600, which is the previous swing high from around September 18th, acting as the point of control, represented by a red line. The analyst indicates a potential resistance in that area on the shorter time frame.