The analysis focuses on Bitcoin (BTCUSD) using Elliott Wave theory on the 1-hour chart. The price action has been choppy with no significant movement. The analyst discusses the potential for a yellow B wave having topped and the possibility of a 1-2 setup to the downside, potentially opening the door to $99,000 or lower. Previous swing lows suggest significant support around $107334 to $109261. The 4-hour RSI was oversold, which often leads to a bounce. Resistance is expected between $110112 and $114246, a Fibonacci resistance zone for wave 2. If this is wave one down, the market should stay below $114246 in any wave two bounce. The analyst has a weak support area around $107334 to $109261. Breaching the micro support would not invalidate the yellow count, wave B can form a double bottom. Key point of interest if the price break above $114246 for a larger bounce in orange wave C of B. This can fail around $112000 or $114000. In the short term, analyst doesn't see a long opportunity in the short term because its a sideways chop.