The analysis identifies a rejection of Bitcoin at an overhead resistance level after a 5% price increase, following a consolidation phase. It indicates a shift to a downtrend with lower highs and lower lows. Fibonacci retracement is applied from a previous low to a high, placing the current price near the 0.5 Fibonacci level at 111298. Potential support levels are identified at 108203, 103796, and the 200-day moving average around 100806, with a possible further decline to 98000.