The analysis focuses on Bitcoin's price action within a corrective B-wave structure. A new local high fueled by job data volatility has been established, but no real direction is present. Bitcoin is mid-range, with the first support at 101569 and first resistance at 120400. The analysis suggests a C-wave to the downside is possible, potentially ending around 96000 once the B-wave tops. A five-wave move up is considered as an alternative. An upside breakout and a test of the resistance area is considered likely, needing to see a reaction to the support zone. The analyst encourages viewers to be flexible during the market move.