The analysis identifies a potential 1-2 setup to the downside on the Bitcoin chart, stemming from a five-wave decline observed from the Monday high. The analyst highlights the speculative nature of an orange count, watching for an extended B-wave. There's a noted risk of a five-wave decline followed by a three-wave move upwards. The speaker presents an initial resistance area at 114246.00. A micro support area for the weekend lies between 107330.00 and 109250.00. A five-wave decline indicates trend direction, while a three-wave move is considered a counter-trend. A break above 114246.00 would signal a bullish shift in sentiment.