The analysis suggests that the bullish trend for Bitcoin remains intact, despite recent pullbacks. The speaker references two bullish scenarios that remain valid. The video mentions Bitcoin potentially grabbing liquidity between 115k and 118k, potentially leading to exhaustion around the 118k level. The analyst still expects Bitcoin to reach $130,000+. He mentions that a wave four support zone held, with the price reversing, expecting a rise to 118k, suggesting it could still stretch a little higher, while monitoring if there is a signal to the top then tracking a potential pullback in the fourth wave, and setting support levels. He is tracking a diagonal pattern and considering high probability setups and keeping the door open for higher prices.