The analysis identifies that Bitcoin is currently in correction mode, suggesting the upper micro support has been breached since this correction started a week ago. The next bullish option is to track a Wave 4 correction, with a support zone between $101,569.85 and $106,509.21, based on Fibonacci retracement levels. The 12% market decline is identified as a normal correction, and doing risk management is advised. This analysis suggests a short-term downward trend with a larger time frame trend upward. Analysis warns that a break below $101,569 would invalidate the most bullish outcome, but that the bull market has not been called the top and still expecting to see a new wave going up.