The analysis focuses on the correlation between Bitcoin and Gold, suggesting Bitcoin rallies when Gold consolidates and corrects when Gold rallies. It highlights Gold's breakout from a five-year consolidation in March 2024, coinciding with Bitcoin's local top and subsequent correction. This pattern is observed again with Gold's price discovery rally, followed by consolidation, allowing Bitcoin to break out. The analyst proposes that for Bitcoin to re-enter price discovery, Gold needs to find a local top and consolidate.Other points include: The current BTC priced in Gold is more than 2 standard deviations oversold. If Gold finds a local top at 4200 there would be strong tailwind for Bitcoin. Analyst says for his portfolio Bitcoin is well positioned. Mentions major support levels. Analyst is watching out for 3 outcomes: a final push, a full reset and a bear market. Highlights that the weekly candle needs to close above 109K.