The video analyzes BTCUSD, noting October 2024 was the worst October since 2018. November is typically bullish, though mixed. The analysis identifies a five-wave decline from Monday's high, suggesting a potential corrective bounce. The most critical resistance to watch is identified between 113460 and 121750. A break above this range is needed to unlock all-time high territory. Micro support lies between 107330 and 109250. A rejection at the resistance could lead to a sharp drop in the coming weeks. The speaker treats the current setup as a 1-2 pattern but with low confidence. To confirm the bullish momentum, price need to break above 122000 and hold a higher low for the next wave, and price is king and need to focus on relevant pivots and resistances.