The analyst discusses Bitcoin's recent price action. After bearish momentum on Sunday and Monday, Tuesday was relatively flat. During the Asian session, selling pressure was observed, but overall, it was flat. A move up occurred after that. It's typical for Mondays and Tuesdays to be bearish for Bitcoin and Wednesdays to be bullish on average. A technical bullish confirmation is the reclaiming of the previous day's value area low. In the short term, the analyst suggests seeing more strength, especially in the European and US sessions. They expect a strong reaction at the 110590 level with volume, but they are not convinced this is the bottom. The analyst expects lower lows and a drop before bottoming out.