The video discusses a potential flash crash in Bitcoin (BTCUSDT), dropping to $111.8k and expresses doubt that it will persist, considering flash crashes common before upward movement. Initially, the analyst compared current patterns with those of May 2023, expecting similar results but it did not occur. However, the expected bounce area of 112.6k - 111k was slightly breached. The analyst suggests that as long as the day closes above 112k, the situation remains manageable, with a bullish trend. A breakdown below this level might indicate a deeper decline towards $106,000, even down to $103,000 forming a double bottom, before a rally with target $130000. Using a Fibonacci retracement from the August high, the price has breached the 0.382 retracement level, and typically in this case it should find support in 0.236, so around $111000. He also mentions that the high of shorts volume indicate trend is bullish