The analysis focuses on Bitcoin, using Elliott Wave theory. The analyst discusses possible scenarios for Bitcoin's price movement, considering both bullish and bearish possibilities. Key levels include the 0.618 Fibonacci retracement level at 106000, and the invalidation of bullish scenario at 117371. A potential downside target of 98000 is considered if the price breaks lower. The analyst discusses potential wave formations and the significance of the 0.886 retracement level, suggesting it reduces the possibility of a wave two formation. The analyst emphasizes monitoring price action and potential reactions at key levels. The prediction is bearish until 117371 is reached. The video also highlights a possible move to 116371 for further bullish confirmation if there is a bullish breakout.