The analysis discusses Bitcoin's price action, noting interesting price action. Instead of finding support at the falling wedge's prior line of resistance, Bitcoin found support from spot price action around 109.3. Going back to earlier price levels, the 109.3-109.4 level shows good support. An inverse head and shoulders pattern is forming on the 4-hourly timeframe, with a potential breakout above the neckline. The analyst stated he posted this chart 30 minutes before the video on the CryptoKids Telegram channel. Two important lines for Bitcoin to break above for a more bullish bias are 112100.00 to 112200.00 and the prior high of 113400.00 to reverse the trend. The last time the Daily EMA Ribbons had a similar pattern, there was a small upward wick but then price plummeted. The analyst mentions he remains net long with stop losses below the bull/bear market support band around 106000.00-107000.00.