The analysis discusses Bitcoin's current state, noting it hasn't moved much recently. It addresses a question about whether the 'B wave' has topped. The presenter explains that there's no definitive evidence of a major bull market top. Calling a top now would be speculative, only based on a full wave count. The analyst tracks two bullish scenarios, including a white scenario targeting 124000 followed by a red ABC correction potentially hitting 99000 in a broader range setup. The analyst highlights that at the moment there are only 3 waves up which supports the orange B wave idea. A break below 113580 would signal a short opportunity and a more likely bearish scenario, however, it is still holding support and it is still a local uptrend. Therefore the analysts currently suggests to await further confirmation before taking any action.