The analysis discusses short-term patterns in Bitcoin after a 6.5% price dip. It highlights that the structures are imperfect, leading to multiple scenarios. The analyst notes that patterns allow for a potential move down to $70,000 in a larger fifth wave. The analyst mentioned that the price tested again $92,730 at 38.2 retracement. It's considered possible that the fourth wave has topped. He mentions the possibility to move down to 70k. In the technical analysis the Analyst points out the possibility for Bitcoin to have a bearish movement down to $70,000, due to the current patterns which allow this possibility.