The analysis focuses on Bitcoin's price action, noting a closed CME gap at 104160. It highlights a falling wedge pattern, drawing parallels to April 2025 when a breakout occurred following a retest of the 54 simple moving average on the weekly timeframe. The analysis points out that fear is now in extreme fear, just as it was back then. Bullish similarities are noted, but a bearish divergence on the RSI is also highlighted. To remain bullish, Bitcoin must break above the 106400 to 107400 price range; otherwise, a retest of the double top's neckline and subsequent rejection is expected. The analyst is not closing their positions unless the 54 simple is lost.