The analysis focuses on Bitcoin's (BTCUSD) price action on a 4-hour chart, employing Elliott Wave analysis. The market is currently undergoing a complex corrective phase following a significant drop. Two main scenarios are presented: primarily, a three-wave corrective recovery (ABC) aiming towards the 1.00 Fibonacci extension level at 103,137.65. This upward movement is seen as a recovery within an overarching bearish market trend, rather than a full bullish reversal. The wave B of this correction is identified as potentially forming a triangle pattern. An alternative scenario considers an ending diagonal impulse wave before a deeper correction. The confirmation level for a sustained move higher is set at 94,821.34. Crucially, a break below 87,751.56 would invalidate the immediate bullish recovery scenario and confirm an aggressive continuation of the bearish trend. The KGT indicator is noted to show a bullish signal, supporting the near-term upside potential, although the presenter indicates that one more low might occur before the final push higher in the corrective wave.