The analysis suggests a bearish trend for Bitcoin, noting a 5-wave decline starting the previous Monday. The analyst initially considered a 3-wave pullback, viewing the rise as a B-wave or diagonal pattern. However, the market's subsequent move invalidated this pattern. The recent decline is now viewed as a 5-wave move, opening up the possibility of a larger correction, with a possible C-wave rally. A micro support area is identified between $107,334 and $109,261, serving as a B-wave pullback, with possible C wave rally up to $114,246. A break above initial resistance could target a larger resistance area between $115,955 and $121,746. The actual trend is sideways movement for four months, and the trend will maintain until the micro support and first resistance are not reached.