The analysis focuses on the BONK/USDT pair using the 4-hour timeframe. It notes a minor upside reaction similar to other charts, originating from the Friday low, which suggests promising price action. While this upside movement appears weak, there's an observed upward momentum within the crypto sector. The speaker considers a local low potentially formed on Friday and questions if it signifies the end of the larger B wave, leading to a breakout to new highs. He is tracking an ABC structure, and mentions that a five-wave sequence could validate the bottom and define the next 1-2 pattern. The analysis points out that BONK is currently within a support zone, where recovery is anticipated, targeting a C wave. Structural resistance is expected around the 50% retracement level at 0.00002905. To confirm a bottom, the analyst looks for a micro five-wave move upwards, with a lower bound at around 0.00001853.The next major resistance area is between 0.000026842 and 0.000035188.