The analysis examines BTCUSDT using Elliott Wave Theory on the daily chart, presenting a bearish outlook. It discusses that from April 2022 and 2024, the entire move up can be considered complete already, and it is also considered that the bull market top has formed already and can lead to a pathway for bearish movement, but its also said that its too early to assume or confirm that. It identifies key Fibonacci retracement levels and moving averages as support and resistance. The analyst suggest waiting until the price reaches 101569 and also suggest checking to see a reaction. Key price levels mentioned include a 50% retracement at 101569. A break above 115939 is mentioned as a potential sign of bullish breakout. The 21-week EMA on the weekly chart is noted as a support level around 109k, with potential for a drop to 95k-96k should that level be breached.